Following are the statements of financial position of Linus and Sally as at 31 December 5 10.3 Linus RM'000 450,000 nil 50,000 110,000 610,000 Sally RM 000 200,000 80,000 Ordinary shares of RM10.00 each Preference shares of RM20 each Share premium Retained profit 30,000 310,000 Liabilities 10% debentures Debenture interest payable Preference dividends payable Ordinary dividends payable Trade payables 35,000 35,000 680,000 50,000 2.500 4,000 14,000 25,000 405,500 Investments in Sally 12 million ordinary shares at cost 3 milion preference shares RM40,000,000 10% debentures Non-current assets Current assets Receivables Bank 130,000 60,000 40,000 360,000 341,500 40,000 50.000 680,000 30,000 34,000 405,500 Additional information (a) When Linus acquired the investments in Sally, the retained profit of Sally had a credt balance of RM10,000,000 (b) Sally has provided for the second half-year's debenture interest and final ordinary and preference dividends. However, Linus has not recognised its share of debenture interest and dividends from Sally 10 The receivables of Linus include an amount of RM10,000,000 due from Sally. Howeves on 30 December 25, Sally had remitted RM2,000,000 which was received by Linus on 2 January 6 Required: Prepare the consolidated statement of financial position as at 31 December 5 270 Company and Gracial Reporting Following are the statements of financial position of Linus and Sally as at 31 December 5 10.3 Linus RM'000 450,000 nil 50,000 110,000 610,000 Sally RM 000 200,000 80,000 Ordinary shares of RM10.00 each Preference shares of RM20 each Share premium Retained profit 30,000 310,000 Liabilities 10% debentures Debenture interest payable Preference dividends payable Ordinary dividends payable Trade payables 35,000 35,000 680,000 50,000 2.500 4,000 14,000 25,000 405,500 Investments in Sally 12 million ordinary shares at cost 3 milion preference shares RM40,000,000 10% debentures Non-current assets Current assets Receivables Bank 130,000 60,000 40,000 360,000 341,500 40,000 50.000 680,000 30,000 34,000 405,500 Additional information (a) When Linus acquired the investments in Sally, the retained profit of Sally had a credt balance of RM10,000,000 (b) Sally has provided for the second half-year's debenture interest and final ordinary and preference dividends. However, Linus has not recognised its share of debenture interest and dividends from Sally 10 The receivables of Linus include an amount of RM10,000,000 due from Sally. Howeves on 30 December 25, Sally had remitted RM2,000,000 which was received by Linus on 2 January 6 Required: Prepare the consolidated statement of financial position as at 31 December 5 270 Company and Gracial Reporting