Apple Inc. Balance Sheet as at 31 December 2062

	$	$
Non-current assets
Investment in subsidiary:
- 1,180,000 shares bought 1.1.2062	1,770,000
Other non-current assets	2,950,000
Current assets	575,000	5,295,000
Share capital		2,950,000
Retained profits
As at 1.1.2062	585,000
Add Profit for year to 31.12.2062	595,000	1,180,000
Suspense		1,165,000
Total		5,295,000

Beats Electronics LLC Balance Sheet as at 31 December 2062

	$	$
Non-current assets		1,190,000
Current assets		1,160,000
Share capital		590,000
Retained profits
As at 1.1.2062	570,000
Add Profit for year to 31.12.2062	565,000	1,135,000
Total		2,350,000

Required:

1. Prepare the consolidated balance sheet as at 31 December 2062.
2. Address any discrepancies in the suspense account.
3. Adjust for inter-company transactions.