Parents United Ltd acquires $95 \%$ of the shares of Son and Friends Ltd. The following statements of financial position are then drafted. You are to draw up the consolidated statement of financial position. Any gain from a bargain purchase is to be eliminated by adjusting the noncurrent assets acquired.

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Parents United Statement of Financial Position Investment in Son and Friends Ltd: 12,160 Ordinary 1 shares Non-current assets Inventory 13,200 39,000 15,600 Accounts receivable 10,200 Bank 2,000 80,000 Share capital - Ordinary 1 shares 80,000 Son and Friends Statement of Financial Position Non-current assets Inventory Accounts receivable Bank Share capital-Ordinary 1 shares 9,600 4,300 1,700 400 16,000 16,000