1. The following summarized statements of financial position are provided for (10) William Ltd. and Mary Plc as at 30 June 2018: William Ltd $000 16,700 12,000 Mary Plc $000 10,200 Non-current assets Investment in Mary Plc Current assets Inventory Receivables Cash Total Assets 5,750 4,250 2,500 41,200 3,400 2,950 1,450 18,000 Equity Share capital $1 Retained earnings 20,000 12,600 5,000 7,900 Current liabilities Payables Total Equity & Liabilities 8,600 41,200 5,100 18,000 Additional Information: William Ltd acquired 80% of Mary Plc three years ago when the balance on the retained earnings of Mary Plc was $5,800,000. At the date of acquisition, it was determined that non-current assets of Mary Plc had a fair value of $500,000 in excess of their book value. Their remaining useful life was 10 years at this time. William Ltd sells goods to Mary Plc at a mark-up of 25%. As a result, at the reporting date, Mary Plc 's records showed a payable due to William Ltd of $550,000. However, this disagreed to William Ltd 's receivables balance of $750,000 due to cash in transit. During the current year, William Ltd had sold $1,500,000 (selling price) of goods to Mary Plc of which Mary Plc still held one 1/2 third in inventory at the year end. It is group policy to record the NCI holding at fair value, which was deemed to be $2,500,000 at the date of acquisition. An impairment loss of $1,000,000 should be charged against goodwill at the reporting date. Requirement: Prepare the consolidated statement of financial position at 30 June 2018