A Papa and Mamae Ltd buys 66% of the shares in Son and Daughter Ltd. You are to draw up the consolidated statement of financial position from the following statements of financial position constructed immediately control had been achieved. Papa and Mamae Statement of Financial Position Investment in Son and Daughter: 12,000 Ordinary 1 shares Non-current assets Inventory Accounts receivable Bank Share capital - Ordinary 1 shares 10,800 58,000 10,200 15,900 5,100 100,000 100,000

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Non-current assets Inventory Accounts receivable Bank Son and Daughter Statement of Financial Position Share capital-Ordinary 1 shares 8,000 5,000 4,000 1,000 18,000 18,000