Total assets 25,760 8,680 Equity and liabilities $000 $000 Equity Share capital 9,200 4,800 Retained earnings 12,480 1,290 Total equity 21,680 6,090 Non-current liabilities 1,440 1,180 Current liabilities 2,640 1,410 Total equity and liabilities 25,760 8,680 The following information is relevant to the preparation of the consolidated financial statements: (i) At acquisition, the fair value of land owned by Stoppard exceeded its cost by $1,000,000. This land was still owned at 31 March 20X1. (ii) During the year Bryson sold goods to Stoppard for $500,000 making a profit of $50,000. Eighty per cent of the goods remained in Stoppard's inventory at the year end. At 31 March 20X1 Bryson was still owed half of the total amount invoiced to Stoppard for these goods. (iii) At 1 January 20X1, the fair value of the non-controlling interest at the date of acquisition was $2,200,000. Required: a. Calculate the current ratio for Bryson and Stoppard as at 31 March 20X1 based upon the individual financial statements of each entity. (2 marks) b. Prepare the consolidated statement of financial position for Bryson plc and its subsidiary undertaking as at 31 March 20X1. (13 marks) (Total 15 marks)