The statement of financial position of K and S as at November 30, 2017 are provided as below. K S K K NCA PPES 138,000 115,000 Investment CA Receivables Inventory Bank and cash 162,000 300,000 115,000 15,000 17,000 19,200 20,000 2,000 336,000 152,000 EQUITY Share capital 114,000 40,000 RE 167,000 69,000 Other components of equity 22,000 303,000 109,000 NCL 8% debentures 20,000 CL Payables 33,000 23,000 336,000 152,000 Additional notes 1. K acquired a 60% investment in S on May 1, 2017 for k140,000. The investment was classified as available for sale with any associated gains or losses recorded within other components of equit y in K's individual financial statement. The investment is recorded at its fair value of k162, 000 as at November 30, 2017. 2. At may 1, 2017, the fair value of the net assets acquired was assessed to be same as their carryi ng value with the exception of an item of plant, whose carrying value was k30,000 and fair value was k48,000. The remaining useful life of this asset was 10 years from the date acquisition. Depr eciation is charged on a monthly straight-line basis. 3. It is group policy to value NCI at its proportionate share of the fair value of the assets. 4. The profits for the year of S was k9,000 and the profits assumed to accrue evenly throughout the year. 5. K sold goods to S for k 16,000. Half of these goods remained in S's inventories at November 30, 2 017. Kearns a 25% markup on all sales. 6. Included in K's receivables is k4,000 relating to inventory sold to S since acquisition. S raised a ch eque for k2,500 and sent it to K on November 29,2017. K did not receive this cheque until Decemb er 4, 2017. 7. Goodwill has been impaired by k5,100 at the reporting date. 8. Neither company has paid any dividends in the year ended November 30, 2017. Required: Prepare the consolidated statement of financial position of the K group as at November 30, 2017