Immediately after Parental Acquisition Ltd had acquired control of Daughter One Ltd and Daughter Two Ltd the following statements of financial position were drawn up. You are to draw up a consolidated statement of financial position. The amounts shown in the statements of financial position are a correct reflection of the fair values.

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Investment in subsidiaries: Daughter One Ltd (60,000 Ordinary £1 shares) Daughter Two Ltd (35,000 Ordinary £1 shares) Non-current assets Current assets Parental Acquisition's Statement of Financial Position Share capital - Ordinary £1 shares Retained profits General reserve Non-current assets Current assets Non-current assets Current assets Daughter One Statement of Financial Position Share capital - Ordinary £1 shares Retained profits General reserve Daughter Two Statement of Financial Position Share capital - Ordinary £1 shares Retained profits General reserve 4 150,000 48,000 296,000 84,000 578,000 360,000 190,000 28,000 578,000 £ 140,000 40,000 180,000 90,000 80,000 10,000 180,000 £ 41,000 14,000 55,000 35,000 8,000 12,000 55,000