On January 1, 2021, ABC Co. acquired 70% interest in XYZ Co. The financial statements of the combining entities right after the business combinations are as follows:

	ABC Co.	XYZ Co.
Cash	100,000	20,000
Account Receivable	120,000	40,000
Inventory	400,000	100,000
Investment in Subsidiary	560,000
Prepaid Assets	30,000	10,000
Building, Net	1,200,000	400,000
Total Assets	2, 410,000	570,000
Accounts Payable	70,000	90,000
Share Capital	1,000,000	200,000
Share Premium	350,000	50,000
Retained Earnings	990,000	230,000
Total Liabilities and Equity	2,410,000	570,000

The carrying amounts of XYZ's Assets and Liabilities approximate the acquisition date fair values , except as follows:

	Carrying Amount	Fair value
Accounts Receivable	40,000	20,000
Building, net	400,000	540,000

ABC measured the NCI at proportionate share Requirement: Prepare the consolidated statement of financial position.