2. Hazelnut acquired 80% of the share capital of Peppermint two years ago, when the reserves of Peppermint stood at $125,000. Hazelnut paid initial cash consideration of $1 million Below are the statements of financial position of Hazelnut and Peppermint as at 31 December 20X9: Hazelnut Peppermint $000 $000 Investment in Peppermint at cost 1,000 Property, plant & equipment 5,500 1,500 Current assets: Inventory 550 100 Receivables 400 Cash 50 200 200 7,650 1,850 Share capital Retained earnings 2,000 1,400 500 300 Non-current liabilities Current liabilities 3,400 3,000 1,250 800 400 650 7,650 1,850 At acquisition the fair values of Peppermint exceeded its book value by $200,000. The fair value of the 20% non-controlling interest was $380,000 Prepare the Consolidated Statement of Financial Position as at 31 December 20X9. (15 marks)