A Immediately after P Ltd had achieved control of S1 Ltd and S2 Ltd the following balance sheets are drawn up. You are to draw up the consolidated balance shieet.

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Investments in subsidiaries: S1 Ltd 4,000 shares S2 Ltd 6,000 shares Fixed assets Current assets Share capital Profit and loss account General reserve Fixed assets Current assets Share capital Profit and loss account General reserve P Balance Sheet 6,150 8,950 3,150 2,050 20,300 15,000 2,000 3,300 20,300 S1 Balance Sheet 5,300 1,200 6,500 4,000 1,100 1,400 6,500