Prepare a consolidated balance sheet from the following details as at 31 March 2003.

At the balance sheet date, Sibling B owed Sibling A £1,000 and Parents for Siblings owed Sibling B £1,500.
During the year, Parents for Siblings had sold to Sibling A for £3,220 goods costing £2,500. Of these goods, 3 had been sold by the year end. Parents for Siblings had also sold goods costing £700 to Sibling B for £1,050, of which none had been sold by the year end.
The amount paid for the investment in Sibling A was £65,000. The fair value of the net assets of Sibling A at that date was £76,000 and the £11,000 of negative goodwill was recognised immediately in Parents for Siblings profit or loss.

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Non-current assets Parents for Siblings Balance Sheet as at 31 March 2003 Investment in subsidiaries: Sibling A 50,000 shares bought 31.3.2002 Sibling B 45,000 shares bought 31.3.2003 Other non-current assets Current assets Inventory Accounts receivable Bank Current liabilities: Accounts payable Share capital Retained profits: As at 31.3.2002 Add Profit for 2003 General reserve 76,000 58,000 134,000 82,000 216,000 31,000 14,000 7,000 52,000 268,000 (11,000) 257,000 175,000 47,000 15,000 62,000 20,000 257,000