Watson Company is the holding company of the Wellington Company, which it has owned since its incorporation. The statements of financial position of the two companies on 31 December 2020 are given below:

	Watson	Wellington
	$000	$000
Non -Current Assets
Property, Plant and Equipment	35,000	45,000
Investment in 40,000 $1 shares in Furious at cost	40,000	000
	75,000	45,000
Current Assets
Inventories	16,000	12,000
Amount due to subsidiary	2,000	-
Trade Receivables	6,000	9,000
Bank Balances	1,000	000
	25,000	21,000
Total Assets	100,000	60,000
Equity
70,000 Ordinary Shares of $1 each	70,000
40,000 Ordinary Shares of $1 each		40,000
Retained Earrings	16,000	19,000
	86,000	59,000
Current Liabilities
Trade Payables	14,000	2,000
Amount due to holding company	-	2,000
Bank Overdraft	-	3,000
	14,000	7,000
Equities and Liabilities	100,000	66,000

Required: Construct the consolidated statement of financial position for Watson Company as at 31 December 2020. (20 marks)