Head Office and Branch of Spring Limited. Branch Head Office Credit Debit Debit Credit GHe'000 GHe'000 GHe'000 GHe'000 54,000 10,500 Office equipment Motor vehicles 4,200 1,800 Retained earnings 52,200 Branch current accounts 49,500 Inventory (at cost or mark up at 1/1/2020) 63,600 21,600 Goods from Head Office 55,800 Purchases 114,000 Sales 145,500 90,600 12,300 Head office current accounts Stated capital 28,980 Administrative expenses 31,500 13,200 Provision for unrealised profit Goods sent to branch 4,320 85,800 316,800 316,800 102,900 102,900 Additional information was as follows: i) The branch deposited cash on behalf of the head office in the bank on 31 December 2020. No record of this transaction had been made in head office books. ii) All goods sold by the branch are supplied from the head office at cost plus 25%. Inventories at 31 December 2020, excluding goods in transit were as follows: GH¢ 000 43,500 Head office at cost Branch at mark up 24,000 Required: Prepare for the head office, branch and combined entity of Spring Limited: 5 a) Statement of profit or loss for the year ended 31 December 2020; and b) Statement of financial position as at 31 December 2020. (15 marks)