1. Matray acquired 16,000 ordinary shares of Petros on 1 April 20X9. On 31 December 20X8 Petross accounts showed a share premium of $4,000 and retained earnings of $15,000. The fair market value of non-controlling interest at acquisition was $7,000. Below are the statements of financial position for the two companies as at 31 December 20X9: Matray Petros Non-current assets: Property, plant and equipment 39,000 33,000 Investment in Petros 50,000 Current assets 78,000 40,000 Total assets 167,000 73,000 Equity and liabilities Equity Ordinary shares of: $1 each 100,000 : 50c each 10,000 Share premium 7,000 4,000 Retained earnings 40,000 39,000 Current liabilities 20,000 20,000 Total equity and liabilities 167,000 73,000 Required: Prepare the consolidated statement of financial position of Matray as at 31 December 20X9. Assume profits have accrued evenly throughout the year