After Pop and Mum Ltd acquired 75% of the shares of Sons and Cousins Ltd the following balance sheets are drawn up. You are to draw up the consolidated balance sheet.

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Pop and Mum Balance Sheet Investments in Sons and Cousins Ltd: 15,000 Ordinary 1 shares 18,000 Non-current assets 45,000 Inventory 8,000 Accounts receivable 13,000 Bank 6,000 90,000 Share capital - Ordinary shares of 10p each 90,000 S Balance Sheet Non-current assets Inventory Accounts receivable 12,000 3,000 4,000 Bank 1,000 20,000 Share capital - Ordinary 1 shares 20,000