Apple Inc. Balance Sheet as at 31 December 2058

	$	$
Non-current assets
Investment in subsidiary:
- 1,100,000 shares bought 1.1.2058	1,650,000
Other non-current assets	2,750,000
Current assets	535,000	4,935,000
Share capital		2,750,000
Retained profits
As at 1.1.2058	545,000
Add Profit for year to 31.12.2058	555,000	1,100,000
Suspense		1,085,000
Total		4,935,000

Beats Electronics LLC Balance Sheet as at 31 December 2058

	$	$
Non-current assets		1,110,000
Current assets		1,080,000
Share capital		550,000
Retained profits
As at 1.1.2058	530,000
Add Profit for year to 31.12.2058	525,000	1,055,000
Total		2,165,000

Required:

1. Prepare the consolidated balance sheet as at 31 December 2058.
2. Address any discrepancies in the suspense account.
3. Adjust for inter-company transactions.