A Papai Ltd bought $51 \%$ of the shares in Sons and Co Ltd on 31 October 2013. From the following statements of financial position you are to draw up the consolidated statement of financial position as at 31 October 2014

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Papai Statement of Financial Position as at 31 October 2014 Investment in Sons and Co Ltd: 40,800 shares 60,000 Non-current assets 74,000 36,000 Current assets Share capital Retained profits: 170,000 125,000 As at 31.10.2013 Add Profit for 2014 19,000 26,000 45,000 170,000 Sons and Co Statement of Financial Position as at 31 October 2014 Non-current assets Current assets 91,000 19,000 110,000 Share capital Retained profits: As at 31.10.2013 80,000 7,000 Add Profit for 2014 8,000 15,000 General reserve (unchanged since 2013) 15,000 110,000