The Statement of Comprehensive Income for the year ended 31 December 2014 Parent plc Subsid plc Sales Revenue 830,000 235,000 Cost of Sales 597,500 142,500 Gross Profit 232,500 92,500 Expenses 76,750 60,000 Dividend received from Subsid plc 4,500 0 Profit before tax 160,250 32,500 Income Tax expense 25,750 16,750 Profit after tax 134,500 15,750 Dividends paid 90.000 6,000 44,500 9,750 Retained Earnings brought forward from previous years 211.500 124,500 256,000 134,250 Parent plc acquired 75% of the shares in Subsid plc on 1 January 2010 when Subsid's retained earnings were 70,000. Non-controlling interests are measured using Method 1. During the year Parent plc sold Subsid plc goods for 30,000 which represented cost plus 25%. 30% of these goods were still in stock at the end of the year. During the year Parent plc and Subsid plc paid dividends of 90,000 and 6,000 respectively. The opening balances of retained earnings for the two companies were 211,500 and 124,500 respectively. Required: (a) Prepare a consolidated statement of income for the year ended 31 December 2014; (b) Prepare a consolidated statement of changes in equity for the year