Question 6 The following accounts are the consolidated statement of financial position and parent company state- ment of financial position for Alpha Ltd as at 30 June 20x2: Consolidated statement of financial position Parent company statement of financial position Ordinary shares Capital reserve Retained earnings Non-controlling interest 140,000 92.400 79.884 12329 324613 140,000 92.400 35.280 267680 127.400 62.720 85,680 84.000 50.400 Non-current assets Property Plant and equipment Goodwill Investment in subsidiary (50,400 shares) Current assets Inventory Trade receivables Cash at bank 151,200 71,120 51,800 121,604 70.429 24,360 216,393 122.920 Current liabilities Trade payables Income tax Bank overdraft 140,420 27.160 80.920 20.720 39 200 140.840 167.580 Working capital 48.813 324.613 (17.920) 267.680 Notes There was only one subsidiary called Beta Ltd. 2 There were no capital reserves in the subsidiary 3 Alpha produced inventory for sale to the subsidiary at a cost of 3.360 May 20X2. The inventory was invoiced to the subsidiary at 4,200 and was still on hand at the subsidiary's warehouse on 30 June 20x2. The invoice had not been settled at 30 June 20X2 4 The retained earnings of the subsidiary had a credit balance of 16.800 at the date of acquisition. No fair value adjustments were necessary 5. There was a right of set-off between overdrafts and bark balances 6 The parent owns 90% of the subsidiary, Required: Prepare the statement of financial position as at 30 June 20X2 of the subsidiary company from the information given above. The non-controlling interest is measured using Method