On 1 March 2020, YY Ltd acquired 85% of the ordinary share capital of ZZ Ltd. There are no preference shares. Both companies prepare financial statements to 31 October each year. Transactions between the two companies during the year to 31 October 2020 were as follows:

(a) On 31 January 2020, YY Ltd sold goods costing £2,000 to ZZ Ltd for £3,500. All of these goods had been sold by ZZ Ltd by the end of the accounting year.

(b) On 30 September 2020, YY Ltd sold goods costing £4,000 to ZZ Ltd for £7,000. None of these goods had been sold by ZZ Ltd by the end of the accounting year.

There was a goodwill impairment loss of £10,000 during the period from 1 March 2020 to 31 October 2020. The statements of comprehensive income of the two companies for the year to 31 October 2020 are as follows:

All income and expenses accrued evenly through the year.

Required:

Prepare a consolidated statement of comprehensive income for the year to 31 October 2020.

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Sales revenue Cost of sales Gross profit Operating expenses Profit before tax Taxation Profit for the year YY Ltd £ 150,000 60,000 90,000 25,800 64,200 12,000 52,200 ZZ Ltd £ 84,000 27,000 57,000 18,600 38,400 7,200 31,200