zar 10.13, 10.14, 11.1-11.4.pdf 11.3 4 / 6 119% + Gven below are the statements of financial position of Glee and of its subsidiary Smash as at 31 December 8 Equity and Liabilities 400,000 ordinary shares 300,000 ordinary shares Preference shares Retained profit Glee Smash RM RM 450,000 D 360,000 140,000 100,000 50,000 45,000 8 percent debentures Other liabilities 100,000 20,000 15.000 660,000 620.000 Assets Sundry assets 235,000 620.000 Investment in Smash-ordinary shares at cost 330,000 Investment in preference shares of Smash 75,000 Investment in RM20,000 8 percent debentures of Smash 20,000 660,000 620,000