After Papai and Mamae Ltd acquired 70% of the shares of Siblings Ltd the following statements of financial position are drawn up. You are to draw up the consolidated statement of financial position.

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Investments in Siblings Ltd: 25,200 Ordinary £1 shares Non-current assets Inventory Accounts receivable Bank Papai and Mamae Statement of Financial Position Share capital - Ordinary shares of 10p each Non-current assets Inventory Accounts receivable Bank Siblings Statement of Financial Position Share capital - Ordinary £1 shares £ 30,000 68,000 14,000 19,000 9,000 140,000 140,000 £ 22,000 6,000 5,000 3,000 36,000 36,000