P Co acquired 75% of the ordinary shares of S Co on 1 September 2015. At that date the fair value of S Co's non- current assets was $23,000 greater than their net book value, and the balance of retained earnings was $21,000. The statements of financial position of both companies at 31 August 2016 are given below. S Co has not incorporated any revaluation in its books of account. Non-controlling interest is valued at full fair value which was deemed to be $18,000 at the acquisition date. P CO STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2016 $ $ Assets Non-current assets Property, plant and equipment Investment in S Coat cost Current assets Total assets Equity and liabilities Equity Ordinary shares of $1 each Retained earnings Current liabilities Total equity and liabilities S CO STATEMENT OF FINANCIAL POSITION AS AT 31 AUGUST 2016 Assets Property, plant and equipment Current assets 43,000 Total assets 71,000 Equity and liabilities Equity Ordinary shares of 1 each Retained earnings Current liabilities Total equity and liabilities 63,000 51,000 114,000 82,000 196,000 80,000 96,000 176,000 20,000 196,000 28,000 20,000 41,000 10,000 71,000 If S Co had revalued its non-current assets at 1 September 2015, an addition of $3,000 would have been made to the depreciation charged for 2015/16. Required Prepare P Co's consolidated statement of financial position as at 31 August 2016