The following Information relates to Soup Limited, and its subsidiaxy companies. Meat Limited and Waror T.imitad. for the ADDITIONAL INFORMATION: Soup Limited bought an 80% holding in Meat Limited two years ago when Meat Limited net assets at fair value were $450,000. At that time Meat Limited retained profits were $250,000. Soup Limited purchased a 100% holding in Water Limited on January 1, 2020, when Water Limited net assets at fair value were $1,370,000. At that time water Limited retained profits were $1,270,000. Soup Limited sold goods costing $80,000 to Meat Limited for $100,000. Meat Limited sold all the goods at the year end. Soup Limited had 1,000,000 ordinary shares in issue during 2020 . REQUIRED : Prepare the Consolidated Income Statement and the Consolidated Statement of Changes in Equity for the year ended December 31 , 2020, and the Consolidated Balance Sheet as at that date. The following Information relates to Soup Limited, and its subsidiaxy companies. Meat Limited and Waror T.imitad. for the ADDITIONAL INFORMATION: Soup Limited bought an 80% holding in Meat Limited two years ago when Meat Limited net assets at fair value were $450,000. At that time Meat Limited retained profits were $250,000. Soup Limited purchased a 100% holding in Water Limited on January 1, 2020, when Water Limited net assets at fair value were $1,370,000. At that time water Limited retained profits were $1,270,000. Soup Limited sold goods costing $80,000 to Meat Limited for $100,000. Meat Limited sold all the goods at the year end. Soup Limited had 1,000,000 ordinary shares in issue during 2020 . REQUIRED : Prepare the Consolidated Income Statement and the Consolidated Statement of Changes in Equity for the year ended December 31 , 2020, and the Consolidated Balance Sheet as at that date