A You are to draw up a consolidated statement of financial position as at 31 December 2014 from the following:

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Pa and Mum Statement of Financial Position as at 31 December 2014 E Current assets Investment in subsidiaries: Son 1 90,000 shares bought 31.12.2013 Son 2 56,000 shares bought 31.12.2013 Other non-current assets Inventory Accounts receivable Bank Total assets 125,000 85,000 210,000 170,000 380,000 43,000 38,000 17,000 98,000 478,000 Current liabilities: Accounts payable (16,000) 462,000 Share capital 325,000 Retained profits: As at 31.12.2013 53,000 Less Loss for 2014 (16,000) 37,000 General reserve (as at 31.12.2013) 100,000 462,000