The Managing Director of Wraymand plc has asked you to prepare the statement of comprehensive income for

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The Managing Director of Wraymand plc has asked you to prepare the statement of comprehensive income for the group. The company has one subsidiary, Blonk Ltd. The statements of comprehensive income of the two companies for the year ended 31 March 2024 are set out below.Statements of comprehensive income for the year to 31 March 2024


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Further information:(i) Wraymand plc acquired 75% of the ordinary share capital of Blonk Ltd on 1 April 2023.(ii) During the accounting year, Blonk Ltd sold goods which had cost £1,100,000 to Wraymand plc for £1,600,000. All of the goods had been sold by Wraymand plc by the end of the year.



Required:Draft a consolidated statement of comprehensive income for Wraymand plc and its subsidiary for the year ended 31 March 2024.

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