P Ltd acquired shareholdings in A Ltd on 31 December 20X1. At that time, A Ltd had 600,000 ordinary shares. The draft statements of financial position of P Ltd and A Ltd at 31 December 20X2 were as follows:

	P Ltd	A Ltd
	$	$
ASSETS	878,400	819,000
Plant and machinery at cost	(359,200)	(381,900)
Accumulated depreciation	780,000
	1,299,200	437,100
Inventory	534,100	712,800
Trade receivables	431,100	156,000
Cash at bank	8,900	39,900
Total assets	2,273,300	1,345,800
EQUITY AND LIABILITIES
Share capital
Ordinary shares	900,000	600,000
General reserve	180,000	60,000
Retained earnings at 31 Dec 20X1	369,500	216,000
Profit for 20X2	243,000	162,000
Trade payables	580,800	307,800
Total equity and liabilities	2,273,300	1,345,800

The following information is also available:

(i) On 31 December 20X1, A Ltd paid a dividend of 10 cents per share in respect of 20X1. The dividend received had been credited to the compreh. income statement by P Ltd.

(ii) During 20X2, P Ltd sold goods to A Ltd at cost plus a mark-up of 20%. The total invoiced price of goods transferred was $60,000, and of these 40% remained unsold at 31 December 20X2.

(iii) A Ltd calculated depreciation at the rate of 10% on the cost of plant and machinery. No plant and machinery was purchased or disposed of by A Ltd during 20X2. For the purpose of consolidation, A Ltds plant and machinery had a fair value of $600,000 on 1 January 20X2, and had a further useful life of 10 years. All other assets and liabilities of A Ltd were recorded at amounts equal to fair value.

(iv) 10% of goodwill was written off as impairment loss.

(v) A Ltd did not follow the depreciation policies of P Ltd.

Required:

Prepare a consolidated statement of financial position for the group of P Ltd as at 31 December 20X2.