Question: The statement of financial position of Joseph Ltd and Mary Ltd as at 31 Dec 20X1 are as follows: Joseph Ltd Mary Ltd '000 '000 Freehold land at cost 663,000 50,000 Equipment, at cost 216,000 104,000 Accumulated Depreciation: Equipment (87,000) (39,000) Investment in Mary Ltd 153,000 Cash 1,100 700 A Bank balance 7,900 Inventory 206,000 50,200 Accounts receivables 172,200 73,000 Current account / Amounts receivable 11,000 from Mary Ltd Total Assets 1,335,300 246,800