Immediately after Parent Acquisition’s Ltd had acquired control of Sibling One Ltd and Sibling Two Ltd the following balance sheets were drawn up. You are to draw up a consolidated balance sheet. The amounts shown in the balance sheets are a correct reflection of the fair values.

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Parent Acquisition's Balance Sheet Investment in subsidiaries: Sibling One Ltd (30,000 Ordinary 1 shares) Sibling Two Ltd (20,000 Ordinary 1 shares) Non-current assets Current assets Share capital - Ordinary 1 shares Retained profits General reserve Non-current assets Current assets Share capital - Ordinary 1 shares Retained profits General reserve Non-current assets Current assets Share capital-Ordinary 1 shares Retained profits General reserve Sibling One Balance Sheet f 68,000 27,500 164,400 40,100 300,000 200,000 80,000 20,000 300,000 70,000 30,000 100,000 50,000 30,000 20,000 100,000 Sibling Two Balance Sheet 24,000 8,000 32,000 20,000 5,000 7,000 32,000