28. Michael Ltd acquires all of the issued capital of Petersen Ltd for a cash payment of $600 000 on 30 June 2023. The statements of financial position of both entities immediately following the purchase are: Michael Ltd ($000) Petersen Ltd ($000) Current assets Cash 10 5 Accounts receivable 150 55 Non-current assets Plant 700 500 Land 200 100 Investment in Petersen Ltd 600 1 660 660 Michael Ltd ($000) Petersen Ltd ($000) Current liabilities 60 30 Accounts payable Non-current liabilities Loans 400 150 Shareholders' equity Share capital 1 000 200 Retained earnings 200 280 1 660 660 Additional information . All assets of Petersen appearing in the 30 June 2023 statement of financial position are fairly valued. At 30 June 2023 Petersen had two internally developed identifiable intangible assets with the following fair values: Fair value ($000) Patent 100 Publishing title 25 REQUIRED Provide the consolidated statement of financial position for Michael Ltd and Petersen Ltd as at 30 June 2023. LO 25.7, 25.10