Parents United Ltd acquires 95 per cent of the shares of Son and Friends Ltd. The following balance sheets are then drafted. You are to draw up the consolidated balance sheet.

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Parents United Balance Sheet Investment in Son and Friends Ltd: 12,160 Ordinary £1 shares Fixed assets Stock Debtors Bank Share capital - Ordinary £1 shares £ 13,200 39,000 15,600 10,200 2,000 80,000 80,000 80,000