The following are the financial statements of Pepper Plc, Salt ple and Allspice plc, for the accounting year-end 31 December 2020. ASSETS Pepper 000 Salt 000 Allspice 000 TOTAL ASSETS EQUITY & LIABILITIES Equity 1 ordinary shares Non-Current Assets Property, plant & equipment 24,151 34,950 34,257 Investment in Salt 53,760 Investment in Allspice 14,462 Current Assets Inventory 22,187 21,740 Trade receivables Cash at Bank 57,292 21,246 17,367 3,327 9,003 4.885 3,795 180.855 82.821 58,746 78,086 16,399 Share premium 9.370 1,640 Retained eamings 39,211 44.390 126,667 44,931 Current Liabilities Trade payables 41,174 7,394 Tax payable 13.014 TOTAL EQUITY & LIABILITIES 180,855 82.821 21,083 7,028 26,892 72,501 11,782 2.926 2.033 58,746 Additional information: 1. Pepper acquired 75% of the ordinary shares in Salt on 1 January 2019 when the balance on Salt's retained earnings was 23.42 million. The consideration for the shares in Salt was 5.05 in cash for every 1 share acquired in Salt. This has been accounted for by Pepper. At the date of acquisition, shares in Salt were trading at 595p (5.95). The fair value of the land owned by Salt plc was 7.44 million above the book value at the date of acquisition. Pepper uses the fair value method to calculate goodwill and the non- controlling interest. 2. Pepper also acquired 40% of the ordinary shares in Allspice on the same date, when the balance on Allspice's retained earnings was 23.42 million. 3. During the year, Salt plc sold to Pepper plc goods for 4.46 million, which represented cost plus a mark-up of one-quarter. Half of these goods were still in inventory at the end of the year. 4. At the year-end Pepper's trade receivables included 1,011,000 owed from Allspice. This figure matched the trade payables figure for Pepper in Allspice's accounts. Salt's trade receivables included 1,405,000 owed from Pepper. The trade payables figure for Salt in Pepper's accounts was 782,000. A payment of 623,000 made by Pepper on 31 December 2020 was not received in Salt's bank account until after the year-end. 5. 10% of the goodwill, and 20% of the initial investment in the associate, are to be written off as impaired in the year ended 31 December 2020. Required: Prepare a Consolidated Statement of Financial Position at 31st December 2020.