Mwisho Ltd uses Mwazo Ltd to obtain cheap financing from the Democratic Republic of Congo (DRC). Mwazo Ltd is incorporated in DRC and is fully owned by citizens of DRC. Companies owned by citizens of DRC enjoy cheap loans. Mwisho is not a shareholder of Mwazo. However, Mwisho has agreed to send KShs 10,000 to Mwazo in order to cover all expenses related to negotiating of the loan. Mwisho will guarantee all Mwazos debts and Mwishos managers will take over the decision making in Mwazo including the voting rights. Mwishos and Mwazoss Statement of the Financial Position as at the reporting date is as follows:

Accounts	MWISHO	MWANANCHI
ASSETS
Non-Current Assets	160,000	50,000
Investment in Mwananchi	10,000	-
Current Assets	130,000	150,000
TOTAL ASSETS	300,000	200,000
EQUITY AND LIABILITIES
Equity
Share Capital	100,000	20,000
Retained Earnings	32,000	2,000
Liabilities
Long Term Liabilities
Long term debt	150,000	175,000
Current liabilities	18,000	3,000
TOTAL EQUITY AND LIABILITIES	300,000	200,000

Notes:

Mwazos retained earnings at the date of the agreement were Kshs. 1,000.At the reporting date, Mwishos financing via Mwazo was Kshs. 150,000.

Required: Prepare the consolidated statement of financial position.

prepare the financial position and show every step of calculations, previous answer in the chegg is not very clear.