Prepare a consolidated balance sheet from the following details as at 31 March 20X3.

At the balance sheet date, Sibling B owed Sibling A £1,000 and Parents for Siblings owed Sibling B £1,500.

During the year, Parents for Siblings had sold to Sibling A for £3,220 goods costing £2,500. Of these goods, one-third had been sold by the year end. Parents for Siblings had also sold goods costing £700 to Sibling B for £1,050, of which none had been sold by the year end.

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Investment in subsidiaries: Sibling A 50,000 shares bought 31.3.20X2 Sibling B 45,000 shares bought 31.3.20X3 Fixed assets Stock Debtors Bank Less Creditors Share capital Profit and loss As at 31.3.20X2 Add Profit for 20X3 Parents for Siblings Balance Sheet as at 31 March 20X3 General reserve E 31,000 14,000 7,000 52,000 (11,000) 36,000 15,000 f 65,000 58,000 123,000 82,000 41,000 246,000 175,000 51,000 20,000 246,000