ABC Co. acquired 100% of the share capital of XYZ on 1 January 20x2 for 70,000. On 1 January 20x2, the retained earnings of XYZ were 25,000 and the fair value of the non-current assets was 19,000 more than the carrying value. At 31 December 20x6 the companies' Statements of Financial Position were as follows: ABC XYZ Current assets 30,000 22.000 Non-current assets 92.000 37,000 Investment in XYZ, at cost 70,000 TOTAL ASSETS Current liabilities Share capital - P1 shares Retained earnings 12.000 60,000 120,000 11,000 20,000 38,000 TOTAL LIABILITIES AND EQUITY Requirements: 1. prepare consolidated financial position as of December 20x6 for ABC group