The statement of financial position of Grand Hypermarket and Golden Supermarket at 31 Dec 2021 are as follows, Assets Non-Current Assets Property, plant and equipment Investment in Rocket LLC Total Non-Current Assets Current Assets Total Assets Equity Ordinary share capital Preference Share capital Retained earnings Total Equity Statement of Financial Position as on 31 Dec 2021 Liabilities Current liabilities Total Equity & Liabilities Grand Hypermarket 500,000 100,000 600,000 300,000 900,000 400,000 150,000 350,000 900,000 Golden Supermarket 100,000 6. The above revaluation has not been reflected in the books of Golden 7. Prepare a consolidated statement of financial position as at 31 Dec 2021. 100,000 50,000 150,000 80,000 10,000 30,000 30,000 150,000 1. Grand Hypermarket acquired 75% of Equity and 50% of Preference shares on 31 Dec 2020 for OMR 100,000 2. On 31 Dec 2020, the retained earnings of Golen was OMR 25,000. 3. Golden has issued no shares since being acquired by Grand. 4. Goodwill arising on consolidation has suffered an impairment loss of 50% since acquisition. 5. Fair value of Golden's non-current assets was OMR 8,000 more than their book value as on 31 Dec 2020. Note: 1. All calculations steps are to be provided within the assignment. 2. All concepts discussed must be based on relevant academic literature and appropriately cited and referenced using APA style referencing.