A AXi acquired 100% of the share capital of InFnix on 1 January 20x1 for P28,000, at which date the retained earnings of InFnix amounted to P18,000. Below is the December Statements of Financial Position: Parent Subsidiary Current assets 28,000 24,000 Non-current assets 65,000 35,000 Investment in S, at cost 38,000 TOTAL ASSETS 131,000 59,000 Current liabilities Share capital - P1 shares Retained earnings 8,000 65,000 48,000 9,000 25,000 25,000 NCI LIABILITIES AND 121,000 59,000 TOTAL EQUITY Requirement: Prepare the consolidated Financial position