A Papi Ltd acquired all the shares in Son and Sister Ltd and then the following statements of financial position were drawn up. You are to prepare a consolidated statement of financial position.

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Papi Statement of Financial Position Investment in Son and Sister Ltd - Ordinary 1 shares Non-current assets Inventory Accounts receivable 70,000 120,000 32,000 26,000 Bank 2,000 250,000 Share capital-Ordinary 1 shares 250,000 Son and Sister Statement of Financial Position Non-current assets Inventory Accounts receivable Bank Share capital - Ordinary 1 shares 38,000 9,000 2,000 1,000 50,000 50,000