The statements of financial position of Tabba Plc and Merlot Ltd as at 31 December 2022 are as follows: Tabba Plc 000 Merlot Ltd 000 Property Plant & Equipment 9,000 5,000 Investment in Merlot Ltd 5,000 Other Assets 2,000 1,500 16,000 6,500 Share Capital 500 500 Retained Earnings 14,500 5,000 Other Liabilities 1000 1,000 16,000 6,500 Tabba Plc acquired 80% equity interest in Merlot Ltd two (2) years ago. At the date of acquisition Merlots retained earnings stood at 3 million and the fair value of its net assets was 5 million. This was 1.5 million above the carrying amount of the net assets at this date. The fair value adjustment related to an asset that had a remaining useful economic life of 10 years as at the date of acquisition.

The goodwill arising on consolidation has not suffered any impairment.

Required: Prepare consolidated statements of financial position of Tabba Plc Group as at 31 December 2022 on the assumption that non - controlling interest is valued at the fair value (the full goodwill method). Show all workings