Tesla Inc. Balance Sheet as at 31 December 2012

	$	$
Non-current assets
Investment in subsidiary:
- 180,000 shares bought 1.1.2012	270,000
Other non-current assets	450,000
Current assets	75,000	795,000
Share capital		450,000
Retained profits
As at 1.1.2012	85,000
Add Profit for year to 31.12.2012	95,000	180,000
Suspense		165,000
Total		795,000

SpaceX Balance Sheet as at 31 December 2012

	$	$
Non-current assets		190,000
Current assets		160,000
Share capital		90,000
Retained profits
As at 1.1.2012	70,000
Add Profit for year to 31.12.2012	65,000	135,000
Total		445,000

Required:

1. Formulate the consolidated balance sheet as at 31 December 2012.
2. Correct any entries in the suspense account.
3. Adjust for any inter-company transactions.