Given below are the statements of financial position of King Bhd and Prince Bhd as at 30 June 2020: King Bhd (RM) Prince Bhd (RM) Non-current asset Freehold land at cost 382,300 230,000 Plant and machinery at carrying value 142,300 160,000 Fixtures & Fittings at carrying values 90,000 41,700 Investment in Prince Bhd: 150,000 Ordinary shares at cost 282,800 25,000 7.2% Preference shares at cost 25,000 RM28,500 10% Debentures at cost 28,500 Currents assets Inventories Trade Receivables Bills Receivables Loan to Prince Bhd Bank 65.900 25,000 50,500 60,000 25,000 34,830 30,000 44.000 71,830 1,166,300 623,360 Financed by: Issued and paid up capital Ordinary share capital 500.000 200,000 7.2% Preference share capital 150,000 90,000 Reserves General reserves 65,000 45,000 Asset revaluation reserve - Plant 20,000 Retained profits 151,200 70,600 Non-current liability 10% debentures Loan from King Bhd 180,000 90,000 20,000 Current liabilities Bill payables Trade Payables Interest Payables Preference dividend payable 2 18,000 28,8801 76,300 43,400 15,000 9,000 10,800 6,480 1,166,300 623,360