Q1. Hermione bought 45,000 shares in Hagrid several years ago when Hagrid had P&L reserves of 10,000. During the year to 30 September 20X3, Hagrid bought goods from Hermione, giving Hermione a gross profit on invoice price of 60%; 15,000 of these goods remained in Hagrid's stock on 30 September 20X3. Included in Hagrid's 'creditors due within one year' is an amount of 25,000 owed to Hermione in respect of the loan made at the time of acquisition. Hagrid made a payment of 5,000 on 30 September but this was not received by Hermione until 5 October 20X3. The respective balance sheets of the two companies at 30 September 20X3 are as follows. Produce a consolidated balance sheet for Hermione Group as at that date. Hagrid Cost Depn NBV 75 9 66 30 2010 76 Land & buildings Motor vehicles Investment in Hagrid Stock Debtors Loan to Hagrid Bank 20 34 Hermione Cost Depn NBV 200 20 180 40 20 20 200 65 50 15 30 7 102 35 67 332 100 232 100 70 62 232 10 64 60 Creditorslyr || 80 50 Share Capital (61) Share premium Reserves (P&L) 30 80 Hint: Treat cash in transit (i.e. Hagrid made a payment of 5,000 on 30 September but not received by Hermione until 5 Oct 20X3) as if had arrived