Procter & Gamble Co. Balance Sheet as at 31 December 2050

	$	$
Non-current assets
Investment in subsidiary:
- 940,000 shares bought 1.1.2050	1,410,000
Other non-current assets	2,350,000
Current assets	455,000	4,215,000
Share capital		2,350,000
Retained profits
As at 1.1.2050	465,000
Add Profit for year to 31.12.2050	475,000	940,000
Suspense		925,000
Total		4,215,000

Gillette Company Balance Sheet as at 31 December 2050

	$	$
Non-current assets		950,000
Current assets		920,000
Share capital		470,000
Retained profits
As at 1.1.2050	450,000
Add Profit for year to 31.12.2050	445,000	895,000
Total		1,870,000

Required:

1. Prepare the consolidated balance sheet as at 31 December 2050.
2. Address any discrepancies in the suspense account.
3. Adjust for inter-company transactions.