Prepare a consolidated balance sheet from the following balance sheets of Pa Ltd and Sonny Ltd which were drawn up immediately after Pa Ltd had acquired the share capital of Sonny Ltd. Any negative goodwill is to be eliminated by adjusting the non-current assets acquired.

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Pa Balance Sheet Investment in Sonny Ltd: 25,000 1 Ordinary shares 20,000 Non-current assets 30,000 Inventory Accounts receivable 8,000 4,000 Bank 3,000 65,000 Share capital - 1 Ordinary shares 65,000 Sonny Balance Sheet Non-current assets Inventory Accounts receivable Bank Share capital - 1 Ordinary shares 18,000 4,000 2,000 1,000 25,000 25,000