Exercise 22 Postcard-AG has several subsidiaries and prepares consolidated financial statements following HGB. On Dec. 31s, 01 Postcard-AG acquires half of the shares of the joint venture Flyer-AG for 1,000 TE. Hidden reserves in PP&E of Flyer-AG amount to 160 T. During the course of year 01 Flyer- AG delivered merchandise to Postcard-AG that resulted in a profit of 100 T (group's perspective). The merchandise is stl in Postcard's warehouse. Postcard-AG accounted for trade receivables against Flyer-AG (200 TE), Flyer-AG accounted for the corresponding trade payable At the end of year 01 the statements of financial position show the following Postcard-AG Flver-AG PP&E 2,000 Share PP&E 1,440 Share capital 600 Reserves 2,000 1,000 capital Investment ,000 Reserves,200 800 Net Inventory Trade 600 Net nventory 400 receivables 760 income 200 ncome Trade ables 1,000 Trade Trade receivables 900 payables 1,100 4,700 4,700 2,800 2,800 Please show the necessary consolidation procedures (see attached table)! Financial Statements Postcard-AG Flyer-AG Aggregated Fin Statem. Consolidation Consolidated Financial Statement L A L Dr Goodwill PP&E Investment Inventory Trade receivables Residual Share capital Reserves Net income Trade payables