On $31$ May $2021,$ Plymouth acquired $80\%$ of the equity share capital of Sha. The consideration consisted of two elements: a share exchange of three shares in Plymouth for every five acquired shares in Sha and $$800,000$ cash. The share issue has not yet been recorded by Plymouth. At the date of acquisition shares in Plymouth had a market value of $$5$ each. Below are the summarized draft financial statements of both entities.

$\backslash$table$[[$Statement of Financial Position as of $01$ October $2021],[,$Plymouth,Sha$],[$Assets$],[$Non$-$current assets,,$],[$Property$,$ plant and equipment,$25500,13900],[$Investments$,1800,\backslash$bar $(0)],[27300,13900],[$Current assets$],[$Inventory$,5300,500],[$Receivables$,4200,1100],[$Bank$,3000,800],[$Total assets,$39800,16300],[,],[$Equity and liabilities$],[$Equity$],[$Equity share of $$1$ each,$12000,5000],[$Other equity reserve,$500,0],[$Retained earnings,$12300,4500],[24800,9500],[,,],[$Current liabilities,$15000,6800],[$Total equity and liabilities,$39800,16300]]$

The following information is relevant:

$(1)$ At the date of acquisition, the fair value of Sha's assets were equal to their carrying amounts with the exception of its property. This had a fair value of $$1\mathrm{.}2$ million below its carrying amount, and had a remaining useful life of $8$ years at the date of acquisition. Sha has not incorporated this in its financia statements.

$(2)$ Plymouth had $$2$ million $($at cost to Plymouth$)$ of inventory that had been supplied in the postacquisition period by Sha as at $01$ October $2021.$ Sha made a mark$-$up on cost of $25\%$ on these sales. $(3)$ Plymouth had a trade payable ba#$3|$ance owing to Sha of $$350,000$ as at $01$ October $2021.$ This did not

agree with the corresponding receivables in Sha's books due to a $$130,000$ payment made to Sha, which

Sha has not yet recorded.

$(4)$ Sha's current years profit was $$3,900$ and it accrued evenly throughout the year.

$(5)$ Plymouth's policy is to value non$-$controlling interest at fair value at the date of acquisition, deemed

to be $$3\mathrm{.}5$ million.

$(6)$ Consolidated goodwill was impaired by $$1\mathrm{.}5$ million at $01$ October $2021.$

Required:

Prepare the consolidated statement of financial position for Plymouth as at $01$ October $2021.$On $31$ May $2021,$ Plymouth acquired $80\%$ of the equity share capital of Sha. The consideration consisted of two elements: a share exchange of three shares in Plymouth for every five acquired shares in Sha and $$800,000$ cash. The share issue has not yet been recorded by Plymouth. At the date of acquisition shares in Plymouth had a market value of $$5$ each. Below are the summarized draft financial statements of both entities. Statement of Financial Position as of $01$ October $2021$ Plymouth Sha Assets Non$-$current assets Property, plant and equipment $2550013900$ Investments $180002730013900$ Current assets Inventory $5300500$ Receivables $42001100$ Bank $3000800$ Total assets $3980016300$ Equity and liabilities Equity Equity share of $$1$ each $120005000$ Other equity reserve $5000$ Retained earnings $123004500248009500$ Liabilities Current liabilities $150006800$ Total equity and liabilities $3980016300$ The following information is relevant: $(1)$ At the date of acquisition, the fair value of Sha$$s assets were equal to their carrying amounts with the exception of its property. This had a fair value of $$1\mathrm{.}2$ million below its carrying amount, and had a remaining useful life of $8$ years at the date of acquisition. Sha has not incorporated this in its financial statements. $(2)$ Plymouth had $$2$ million $($at cost to Plymouth$)$ of inventory that had been supplied in the post$-$acquisition period by Sha as at $01$ October $2021.$ Sha made a mark$-$up on cost of $25\%$ on these sales. $(3)$ Plymouth had a trade payable balance owing to Sha of $$350,000$ as at $01$ October $2021.$ This did not agree with the corresponding receivables in Sha$$s books due to a $$130,000$ payment made to Sha, which Sha has not yet recorded. $(4)$ Sha$$s current years profit was $$3,900$ and it accrued evenly throughout the year. $(5)$ Plymouth$$s policy is to value non$-$controlling interest at fair value at the date of acquisition, deemed to be $$3\mathrm{.}5$ million. $(6)$ Consolidated goodwill was impaired by $$1\mathrm{.}5$ million at $01$ October $2021.$ Required: Prepare the consolidated statement of financial position for Plymouth as at $01$ October $2021.$