You are presented with the following information from the James group of companies for the for

the year ended $2020.$

CLARKE CRYSTAL JOSHUA

Investment in Subsidiaries

Crystal $90,000$ shares bought $31\mathrm{.}12\mathrm{.}20$x$4$ OUESTION $1$

You are presented with the following information from the James group of companies for the for the year ended $2020.$

$\backslash$table$[[,$CLARKE,CRYSTAL,JOSHUA$],[$Investment in Subsidiaries$],[$Crystal $90,000$ shares bought $31\mathrm{.}12\mathrm{.}204,125,000\mathrm{.}00,,],[$Joshua $56,000$ shares bought $31\mathrm{.}12\mathrm{.}204,85,000\mathrm{.}00,,],[,210,000\mathrm{.}00,,],[$Fixed Assets,$170,000\mathrm{.}00,72,000\mathrm{.}00,80,000\mathrm{.}00$

$125,000\mathrm{.}00$

Joshua $56,000$ shares bought $31\mathrm{.}12\mathrm{.}20$x$4$

$85,000\mathrm{.}00$

$210,000\mathrm{.}00$

Fixed Assets

$170,000\mathrm{.}00$

$72,000\mathrm{.}00$

$80,000\mathrm{.}00$

Stock

$43,000\mathrm{.}00$

$34,000\mathrm{.}00$

$24,000\mathrm{.}00$

Debtors

$38,000\mathrm{.}00$

$21,000\mathrm{.}00$

$26,000\mathrm{.}00$

Bank

$17,000\mathrm{.}00$

$18,000\mathrm{.}00$

$13,000\mathrm{.}00$

$98,000\mathrm{.}00$

$73,000\mathrm{.}00$

$63,000\mathrm{.}00$

Creditors

$-$

$16,000\mathrm{.}00$

$-$

$6,000\mathrm{.}00$

$-$

$8,000\mathrm{.}00$

$82,000\mathrm{.}00$

$67,000\mathrm{.}00$

$55,000\mathrm{.}00$

Total assets less liabilities

$462,000\mathrm{.}00$

$139,000\mathrm{.}00$

$135,000\mathrm{.}00$

Financed by:

Share Capital

$325,000\mathrm{.}00$

$90,000\mathrm{.}00$

$100,000\mathrm{.}00$

Profit and Loss:

as at $31\mathrm{.}12\mathrm{.}20$x$4$

$53,000\mathrm{.}00$

$23,000\mathrm{.}00$

$27,000\mathrm{.}00$

less loss for $20$x$5$

$-$

$16,000\mathrm{.}00$

$26,000\mathrm{.}00$

$-$

$4,000\mathrm{.}00$

$37,000\mathrm{.}00$

$49,000\mathrm{.}00$

$23,000\mathrm{.}00$

General reserve $($as at $31\mathrm{.}12\mathrm{.}20$x$4)$

$100,000\mathrm{.}00-$

$12,000\mathrm{.}00$

$462,000\mathrm{.}00$

$139,000\mathrm{.}00$

$135,000\mathrm{.}001.$ At the balance sheet date, Crystal owed Clarke $$2,500$ and Joshua $$1,100,$ and Clarke

owed Joshua $$2,100.$

$2.$ Clarke had sold goods which had cost $$1,400$ to Joshua for $$2,100$ and of those goods $(1)/(2)$

had been sold by Joshua by the year end.

Required:

Prepare a consolidated Balance sheet for the Clarke group.

Show all working clearly.