The draft statements of financial position of three companies as on 30 September 20X0 are as follows:

	Pacific	Singapore	Alaska
Assets	$	$	$
Long-term assets
Tangible assets	13.960	12.960	6.980
Investments (see Note 1)	14.920	0	0
	28.880	12.960	6.980
Current assets
Inventory	9.900	7.780	5.740
Trade receivables	7.700	6.420	5.020
Cash at bank and cash in hand	2.020	1.880	1.620
	19.620	16.080	12.380
TOTAL ASSETS	48.500	29.040	19.360
Equity and liabilities
Current liabilities
Trade payable	7.500	5.040	4.000
Long-term liabilities
Bank loans 5 yrs	8.000	24.600	0
Shareholders equity
Share capital ($1 )	12.000	4.000	4.000
Retained earnings	21.000	-4.600	11.360
	33.000	-600	15.360
TOTAL EQUITIES & LIABILITIES	48.500	29.040	19.360

(1) Investments presented in Pacific accounts represent 2800 shares in Singapore, 1200 shares in Alaska and other investments.

(2) Pacific purchased the shares in Singapore on 30 September 20X7 when the balance on retained earnings was $ 2000; at acquisition date, Pacific agreed to pay cash 2500 and to issue 2,000 shares. The market vaue of Pacific's shares, at this date, is $5. Pacific recorded only the cash payment.

(3) The shares in Alaska were acquired on 30 September 20X9 when retained profit stood at 1300. For investment in Alaska, Pacific paid in cash $4,000.

(4) Goodwill in respect of the acquisition of Singapore has been impaired by 10% since the acquisition. The investment in Alaska is impaired by $1,000.

(5) On 1^st October 20X9, Singapore sold to Pacific inventories at selling price $4,500 with a mark up is of 30%; at reporting date, Pacific still has in its inventory 1/4 of these goods.

(6) At acquisition date, the non-controlling interest at fair value was $4500.