The following income statements have been produced by Paulo Co. Ltd and Sasha Ltd for the year ended 31 March 2019 Paulo `000 Sasha 000 Revenue 151,800 108,850 Cost of sales and expenses 71,900 51,100 Gross profit 79,900 57,750 Operating expenses 35,600 25,650 Profit from operations 44,300 32,100 Investment income 1,400 600 Profit before taxation 45,700 32,700 Tax 23,100 16,300 Profit for the year 22,600 16,400

(i) On the 1 st April 2018 Paulo Co. Ltd acquired all of the issued ordinary share capital of Sasha Ltd. No dividends were paid by either company during the year. The investment income is from quoted investments and has been correctly accounted for. (ii) The profits of both companies are deemed to accrue evenly over the year.

REQUIRED: Prepare the consolidated income statement to incorporate Paulo Co. Ltd and Sasha Ltd for the year ended 31 March 2019