Prepare a consolidated balance sheet from the following details as at 31 March 20X6.

During the year, Parent sold goods which had cost £1,100 to Subsidiary for £1,800. None of these goods had been sold by the balance sheet date.

At the balance sheet date Parent owes Subsidiary £2,000.

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Investment in subsidiary: 50,000 shares bought 31.3.20X5 Fixed assets Stock Debtors Bank Less: Creditors Share capital Profit and loss: As at 31.3.20X5 Profit for 20X6 Parent Balance Sheet as at 31 March 20X6 General reserve با 26,000 30,000 4,000 60,000 (3,000) 45,000 50,000 £ 105,000 140,000 245,000 57,000 302,000 200,000 95,000 7,000 302,000