Alpha co purchased 1,400,000 ordinary shares in beta co on January 1, 2010 for k1,450,000 when the general reserves of beta stood at k400,000 and there were no retained earnings. The statement of financial position of the two companies as at 31 December, 2014 set out below. Non-current Assets Property, plant and equipment Investment in beta at cost Current assents Inventories Receivables Cash Alpha Beta K,000 K,000 8868 1787 1450 10318 1787 1983 1425 1462 1307 25 16 3470 2748 13788 4535 Total assets Equity and liabilities Equity share capital (k0.50 ordinary shares) 5500 1000 general reserves 1200 800 Retained earnings 485 100 Total equity Non-current liability 7185 1900 Borrowing 10% 4000 Borrowing 15% 500 Total non-current liability 4000 500 Current liability Bank overdraft 1176 840 Trade payables Taxation Total current liability Total liabilities Total equity and liabilities 887 1077 540 218 2603 2135 6603 2635 13788 4535 At the end of the reporting period the account of Alpha with Beta was agreed at k23,000 owed by Beta. This account is in cluded in the appropriate receivable and trade payable balances shown above. There has been no impairment of goodwill since the date of acquisition. It is the group's policy to value the non-controlling interest at its proportionate share of the f air value of the subsidiary's net assets. Required: A. Prepare a consolidated statement of financial position for the Alpha Beta group. B. Show the alterations necessary to the group statement of financial position if the intragroup bala nce owed by Beta to Alpha represented an invoice for goods sold by Alpha to Beta at a mark-up of 15% on cost, and still unsold by Beta at 31 December 2014. C. At acquisition the fair value of property, plant and equipment was more by k 400,000 and had an e stimated remaining economic useful life of 10 years. D. Alpha had sent a cheque of k5,000 to Beta, which was not received at reporting date.