Prepare the consolidated statement of financial position for Parent Company and its controlled entity for the year ending 30 June 2019.

Parent Company acquires all the issued capital of Subsidiary Company for a cash payment of $6000,000 on 30 June 2019. The statements of financial position of both entities immediately following the purchase are:

	Parent Company ($000)	Subsidiary Company ($000)
Current Assets
Cash	400	350
Accounts receivable	525	650
Inventory	475	800
Non-current assets
Plant and equipment	2,200	3,000
Land	3,500	1,500
Investment in Subsidiary Company	6,000
Goodwill
	13,100	6,300
Current Liabilities
Accounts payable	2,500	950
Non-current liabilities
Loans	4,700	1,750
Shareholders' Equity
Share capital	4,750	3,175
Retained earnings	1,150	425
	13,100	6,300