18 The summarised balance sheets of three companies, A Ltd., B Lid., C Ltd., as on 31st December, 2016 are given below: Liabilitles: A Ltd. B Ltd. C Ltd. Share Capital (shares of 100 each) Reserves Profit & Loss A/C Trade Payables A Ltd. 1,50,000 20,000 50,000 20,000 1,00,000 10,000 30,000 25,000 10.000 1.75.000 B Ltd. 60,000 7,500 25,000 15,000 8.000 1.15.500 C Ltd. 2.40.000 A Ltd. Assets Goodwill 20,000 15,000 10,000 Fixed Assets 70,000 50,000 60,000 Shares in B Ltd. (750 shares) 90,000 In C Ltd. (100 shares) 15,000 In C Ltd. (350 shares) 52,000 Due from: B Ltd. 12,000 C Ltd. 8,000 Current Assets 25,000 58,000 45.500 2.40.000 1,75,000 1.15,500 All shares were acquired on 1st July, 2016. On 1st Jan., 2016, the balances were: A Ltd. B Ltd. C Ltd. Reserves 10,000 10,000 5,000 Profit & Loss A/C 5,000 5,000(Dr.) 3,000 Profits during 2016 were earned evenly over the year. In August, 2016 each company declared and paid an interim dividend of 10% p.a. for six months. A Lid. and B Ltd., have credited their Profit & Loss Account with the dividends received. During 2016, C Ltd. fabricated a machine costing 10,000 which it sold to B Ltd. for 12,000, B Ltd. then sold the machine to A Ltd., for 7 13,000, the transactions being completed on 31st December, 2016. Prepare the consolidated Balance Sheet of the group as on 31st December, 2016