A The statements of financial position of Pops Ltd and Sons Ltd are as follows:

Required:
Prepare the consolidated statement of financial position as at 31 December 2014.

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Pops Ltd Statement of Financial Position as at 31 December 2014 Non-current assets Investment in subsidiary: 195,000 shares bought 31.12.2013 380,000 Other non-current assets Current assets 240,000 92,000 712,000 Share capital Retained profits: As at 31.12.2013 600,000 72,000 Add Profit for 2014 40,000 112,000 712,000 Sons Ltd Statement of Financial Position as at 31 December 2014 Non-current assets Current assets Total assets Current liabilities Net assets Share capital Retained profits: As at 31.12.2013 Less Loss for 2014 270,000 120,000 390,000 (50,000) 340,000 300,000 62,000 (22,000) 40,000 340,000