28 Particulars P corporation S corporation Consolidated staten 29 Cash $753,000 $500,000 $1,253 30 Inventories $420,000 $800,000 $1,220 31 Other assets $600,000 $200,000 $800 32 Plant $3,000,000 $3,000,000 $6,000 33 Investment in S company $3,132,000 SO $3,132 34 Loan to S ($100 35 Unrealised gain on closing inventory ($120 36 Inter company investment ($3,132 37 Goodwill $400 38 39 Total $9.453 40 41 Currentliabilities $1,700,000 $1,300,000 $3.000 Common stock $4,000,000 $2,000,000 $6,000 Retained earnings $2,205,000 $1,200,000 $3,405 Loan to S ($100 45 Equity capital of S ($2,000 46 Retained earnings of S company ($1,200 47 Non-controling interest on 1st january $307 48 Non-controling interest on 31st December $41 49 50 Total $9,453