A The following statements of financial position of Parents Forever Ltd, Sonny 1 Ltd and Sonny 2 Ltd were drawn up as soon as Parents Forever Ltd had acquired the shares in both subsidiaries. You are to draw up a consolidated statement of financial position.

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Parents Forever Statement of Financial Position Investments in subsidiaries: Sonny 1 Ltd 28,000 Ordinary 1 shares Sonny 2 Ltd 30,000 Ordinary 1 shares 70,000 50,000 Non-current assets Current assets 91,000 27,000 238,000 Share capital - Ordinary 1 shares 160,000 Retained profits General reserve 58,000 20,000 238,000 Sonny 1 Statement of Financial Position Non-current assets Current assets Share capital - Ordinary 1 shares Retained profits General reserve 62,000 23,000 85,000 40,000 30,000 15,000 85,000