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ASSIGNMENT ONE The summarized balances extracted from accounting records of Abena Ltd, Opoku Ltd and APPIAH Ltd at 30 November 2018 are given below. Abena Ltd Opoku Ltd APPIAH Ltd Non-current Assets GH GHC GH Freehold Property 335,625 173,212.50 39,000 Equipment 450,375 46,312.50 Furniture 40,875 30,750 6,600 Investments at cost 420,000 shares in Opoku Ltd 275,625 70,000 shares in APPIAH Ltd 36,750 35,000 shares in APPIAH Ltd 18,375 Inventory & work in progress 192,457.50 122,467.50 64,275 Receivables 181,440 97,260 22,312.50 Cash and bank balances 66,150 3,543.75 6,078.75 Trade Payables (71.610 (64,983.75) (66,453.75) 1,710,187.50 380,625 118,125 Capital and Reserves Stated capital 1,312,500 315,000 131,250 Capital reserves 262,500 39,375 Profit and loss 135,187.50 13,125 (13,125) 1,710,187.50 380,625 118,125 Further Information 1. On 30 November 2018 Abena Ltd dispatched and invoiced good for GH9,375 to Opoku Ltd which were not recorded by the later until 3 December 2018. A mark-up of 25% is added by Abena Ltd to arrive at selling price. Opoku Ltd already had goods in stock which had been invoiced to them by Abena Ltd at GH7,800. 2. Payables of Opoku Ltd included an amount of GH3,750 due to Abena Ltd. 3. Included in Abena's receivables was a balance GH19,125 owed by Opoku Ltd. 4. Abena Ltd purchased its interest in Opoku and APPIAH Ltd on 1 December 2015 at which date there was an adverse balance on APPIAH Ltd's income surplus account of GH26,250, and a credit balance of the same amount on the surplus account of Opoku Ltd after all pre-acquisition dividends. 5. The share capital of Abena Ltd and APPIAH Ltd were issued at GH1 each while that of Opoku Ltd were issued at 75Gp each. All shares are of no par value. 6. Since its acquisition Opoku Ltd has paid dividends GH52,500 of which half of which was on the balance sheet on 30th November 2015. Abena Ltd has credited all dividends received to Statement of comprehensive income. 7. APPIAH Ltd had an adverse balance of GH39,375 on income surplus account when Opoku Ltd purchased 35,000 shares in 2014. 8. Abena Ltd received a remittance balance GH 6,000 on 2 December 2018 which had been sent by Opoku Ltd on 29 November 2018. 9. Neither Opoku Ltd nor APPIAH Ltd had any other reserves when their shares were purchased by Abena Ltd and Opoku Ltd. Required Prepare the consolidated statement of financial position of Abena Ltd and its subsidiaries at 30 November 2018