On 30 September 20X0 Gold plc acquired 75% of the equity shares, 30% of the preferred shares and 20% of the bonds in Silver plc and gained control. The balance of retained earnings on 30 September 20X0 was £16,000. The fair value of the land owned by Silver was £3,000 above book value. No adjustment has so far been made for this revaluation.
The statements of financial position of Gold and Silver at 31 December 20X1 were as follows:

Notes:
1. 20% of the goodwill is to be written off as an impairment loss.
2. During the year Gold sold some of its inventor y to Silver for £3,000, which represented cost plus a mark-up of 25%. Half of these goods are still in the inventor y of Silver at 31/12/20X1.
3. There is no depreciation of land.
4. There has been no movement on share capital since the acquisition.
5. Method 1 is to be used to compute the non-controlling interest.
Required:
Prepare a consolidated statement of financial position as at 31 December20X1.

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Gold Silver ASSETS Property, plant and equipment (including land) Investment in Siver Current assets: Inventory Silver current account Bond interest receivable Other current assets Total assets 82,300 46,000 08,550 23,200 20,000 0,000 5,000 176,675 7,500 126,050 EQUITY AND LIABILITIES Equity share capital Preferred shares Retained earnings 60,000 0,000 75,000 45,000 2,500 27,600 20,000 21,200 68,800 7,500 Non-current liabilities bonds Current liabilities Gold current account Bond interest payable Other current liabilities Total equity and liabilities 20,000 875 8,875 126,050 625 8,550 76,675