The parent acquired 75% of the ordinary shares of Sub with control. The summarized statement of profit or loss of the two companies for the year ending February 29, 2020, is given below. Sub sold goods to Parent for $8000. It had bought these goods for $6000. 40% of these goods remainine 3d in Parent's inventory on February 29, 2020. Prepared consolidated statement of profit and loss in a suitable format Sales Cost of Sales Gross Profit Operating Expenses Profit before tax Income tax expense Profit for the year Parent 87,000 54,000 33,000 13,500) 19,500 5,460 14,040 Sub 45,000 (19,000 26,000 (9,800 16,200 4,536 11,66