\(\mathrm{P}\) buys shares in \(\mathrm{S} 1\) and \(\mathrm{S} 2\) on 31 December 19X4. You are to draft the consolidated balance sheet as at 31 December \(19 \times 5\) from the following:

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Investment: $1: 6,000 shares S2: 8,000 shares Fixed assets Current assets Share capital Profit and loss account: As at 31.12.19X4 Add Profit for 19XS General reserve P Balance Sheet as at 31 December 19X5 3 8,150 11,400 21,000 12,000 52,550 40,000 1 2,350 5,200 7,550 5,000 52,550