Prepare cosolidated fin. statement

P acquired 75% of the shares in S on 1 January 2007 when S had retained earnings of $15,000. The market price of S's shares just before the date of acquisition was $1.60. P values non-controlling interest at fair value. Goodwill is not impaired. The statements of financial position of P and S at 31 December 20X7 were: 60,000 50,000 Property, plant and equipment Shares in S 68,000_ 128,000 50,000 52.000 35,000 180,000 85,000 100,000 50,000 70,000 25,000 170,000 75,000 10.000 10.000 180,000 85,000 Current assets Share capital $1 shares Current liabilities