Draw up a consolidated balance sheet from the balance sheets of Parental Ltd and Sibling Ltd that were drafted immediately after the shares in Sibling Ltd were acquired by Parental Ltd.

The amounts shown in the balance sheets are a correct reflection of the fair values.

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Parental Balance Sheet Investment in Sibling Ltd: 180,000 Ordinary 1 shares Non-current assets Inventory Accounts receivable Bank 120,000 60,000 14,000 37,000 4,000 235,000 Share capital - Ordinary shares of 50p each 235,000 Sibling Balance Sheet Non-current assets Inventory Accounts receivable Bank Share capital - Ordinary 1 shares 110,000 28,000 41,000 1,000 180,000 180,000