21 On 1st January, 2016, Jovestments Ltd. a new company, raised its first Capital of 3,00,000 from the issue of 30,000 shares of 7 10 each at par, and on that date acquired the following shareholdings: A Ltd. - 3,000 shares of 7 10 each fully paid for 735,000 B Ltd. - 10,000 shares of 7 10 each fully paid for 72,000 C Ltd. - 8,000 shares of 10 each fully paid for 92,000. Apart from these transactions and those detailed below, investments Ltd. neither paid not received other monies during 2016 The following are the summarised Balance Sheets of the Subsidiary Companies on 31st December, 2016: B Ltd. C Ltd. A Lid. 3 7 Goodwill Freehold Property Plant 4,000 18,000 16,000 11,000 4,000 Inventory Trade Receivables Cash at Bank Profit and Loss Account 1,000 15,000 41,000 50,000 30,000 12,000 32,000 21,000 8,000 17,000 2,000 11,500 18.000 1.31.000 1.26.500 1,20,000 1,00,000 7,500 15,000 Share Capital Reserves (as on 1.1.2016) Profit and Loss Account 54.000 40,000 3,000 6,000 Trade Payables 5.000 11.000 4.000 $4,000 1.31,000 1.26.500 Other relevant information: (1) The freehold property of C Ltd. is to be revalued at 265,000 as on 1.1.2016. (2) Additional depreciation for the year 2016 of 73,000 on the plant of B Lid is to be provided. (3) The Inventory of A Ltd. as on 31st December, 2016 has been undervalued by +2,000 and is to be adjusted. (4) As on 31st December, 2016 Investments Lid. owed A Ltd. 73,500 and is owed 76,000 by 8 Ltd. C Ltd. is owed 71,000 by A Ltd. and 72,000 by B Ltd. (5) The balances on Profit and Loss Accounts as on 31st December, 2015 were: A Lid. 2,000 (credit); B Ltd 712,000 (debit); and C Ltd. 74,000 (credit). The credit balances of A Lid. and C Ltd. were wholly distributed as dividends in March, 2016. (6) During 2016, A Ltd. and C Ltd. declared and paid interim dividends of 8% and 10% respectively. You are required to prepare the Consolidated Balance Sheet of Investments Ltd. and its subsidiary companies as on 31st December, 2016, ignore taxation