The statements of comprehensive income for Highway plc, Road Ltd and Lane Ltd for the year ended 31 December 20X9 were as follows:

Highway plc acquired 80% of Road Ltd for $160,000 on 1.1.20X6 when Road Ltd€™s share capital was $64,000 and reserves were $16,000.
Highway plc acquired 30% of Lane Ltd for $40,000 on 1.1.20X7 when Lane Ltd€™s share capital was $8,000 and reserves were $8,000.
Goodwill of Road Ltd had suffered impairment charges of $14,400 in previous years and $4,800 was to be charged in the current year. Goodwill of Lane Ltd had suffered impairment charges of $3,520 in previous years and $1,760 was to be charged in the current year.
During the year Road Ltd sold goods to Highway plc for $8,000. These goods had cost Road Ltd $1,600. 50% were still in Highway€™s inventor y at the year end.
During the year Lane Ltd sold goods to Highway plc for $6,400. These goods had cost Lane Ltd $3,200. 50% were still in Highway€™s inventor y at the year end.
Highway€™s revenue included management fees of 5% of Road and Lane€™s turnover. Both of those companies have treated the charge as an administration cost.
Non-controlling interests are measured using method 1.

Required:
Prepare Highway€™s consolidated statement of comprehensive income for the year ended 31.12.20X9.

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Highway plc Road Ltd Lane Ltd 80,000 64,000 184,000 152,000 Revenue Cost of sales Gross proft Administration costs Distribution costs Dividends receivable from Road Profit before tax Income tax Profit for the period (48,000 24,000 6000) 136,000 (13680) I1200 1 28,000 I,200 20,800) (7600 (8,000) 2,480 113600 99,200 35,200 32000)(8000) (4800) 30,400 81,600 91,200