Volkswagen AG Balance Sheet as at 31 December 2031

	€	€
Non-current assets
Investment in subsidiary:
- 560,000 shares bought 1.1.2031	840,000
Other non-current assets	1,400,000
Current assets	265,000	2,505,000
Share capital		1,400,000
Retained profits
As at 1.1.2031	275,000
Add Profit for year to 31.12.2031	285,000	560,000
Suspense		545,000
Total		2,505,000

Porsche AG Balance Sheet as at 31 December 2031

	€	€
Non-current assets		570,000
Current assets		540,000
Share capital		280,000
Retained profits
As at 1.1.2031	260,000
Add Profit for year to 31.12.2031	255,000	515,000
Total		1,355,000

Required:

1. Formulate the consolidated balance sheet as at 31 December 2031.
2. Rectify any errors in the suspense account.
3. Make adjustments for inter-company transactions.