At the end of the financial year stocks held by X Ltd and Y Ltd were Sh 40 milion and Sh 20 million respectively and consolidated reserves amounted to Sh 75 million. However, towards the end of the year goods costing Sh 6 million were sold by X Ltd to Y Ltd at a mark-up of 25%. At the end of the year 30% of these goods were unsold. Calculate the figures to appear in the year-end statement of financial position for

a. Consolidated reserves

b. Closing inventory