From the following balance sheets are supplementary information you are to draw up a consolidated balance sheet as at 31 March 2004.

During the year Pop and Mom Ltd sold a fixed asset to Son Ltd. It had cost Pop and Mom Ltd £2,000 and it was sold to Son Ltd for £3,000. Son Ltd had written off £600 as depreciation during 2004.

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Pop and Mom Ltd Consolidated Balance Sheet as at 31 March 2004 Investment in Son Ltd: 30,000 shares bought 31.3.2003 74,000 Fixed assets 174,000 Less Depreciation (29,000) 145,000 56,000 Current assets 275,000 Share capital Profit and loss: As at 31.3.2003 Add Profit for 2004 210,000 28,000 37,000 65,000 275,000