Prepare a consolidated balance sheet from the following details as at 31 March 2006.

During the year, Pa sold goods which had cost £1,900 to Daughter for £2,800. None of these goods had been sold by the balance sheet date.
At the balance sheet date Pa owes Daughter £5,000.

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Pa Balance Sheet as at 31 March 2006 Investment in subsidiary: 100,000 shares bought 31.3.2005 Fixed assets Stock Debtors 55,000 280,000 335,000 44,000 38,000 Bank Less: Creditors 8,000 90,000 (11,000) 79,000 414,000 Share capital 175,000 Profit and loss: As at 31.3.2005 112,000 Profit for 2006 97,000 209,000 General reserve 30,000 414,000