Clive Ltd acquired 80% of the ordinary share capital of Graham Ltd, for cash, at a cost of 2,000,000. The statement of financial position of Graham Ltd at the date of acquisition was: Property 2,000,000 Plant and Equipment 600,000 Current assets 400,000 3,000,000 Ordinary share capital 1,800,000 Retained earnings 200,000 Long-term liabilities 800,000 Current liabilities 200,000 3,000,000