QUESTION 27 P Ltd acquired 100% of S Ltd's shares on 1 Jan X9 when the retained earnings of S Ltd totalled 700,000. Goodwill arising on the acquisition of S Ltd totalled 100,000. This amount had been impaired by 25% at 31 Dec 20X9. At 31 Dec X9, the following equity balances were reported in the individual statements of financial position of P Ltd and S Ltd: PLtd 1,500,000 Share capital Retained earnings SLtd 800,000 950,000 750,000 Total equity 2,250,000 1,750,000 What is the total equity reported in the P Ltd group's consolidated statement of position as at 31 Dec 20x9? 2,475,000 4,000,000 3,975,000 2,575,000