You are to draw up a consolidated statement of financial position as at 31 December 2018 from the following:

At the date of the statement of financial position, Son 1 owed Pa and Mum £2,500 and Son 2 £1,100, and Pa and Mum owed Son 2 £2,100.
Pa and Mum had sold goods which had cost £1,400 to Son 2 for £2,100, and of these goods ½ had been sold by Son 2 by the year end.

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Pa and Mum Statement of Financial Position as at 31 December 2018 £ Investment in subsidiaries: Son 1 90,000 shares bought 31.12.2017 Son 2 56,000 shares bought 31.12.2017 Other non-current assets Current assets Inventory Accounts receivable Bank Total assets Current liabilities: Accounts payable Share capital Retained profits: As at 31.12.2017 Less Loss for 2018 General reserve (as at 31.12.2017) Non-current assets Inventory Accounts receivable Bank 43,000 38,000 17,000 Son 1 Statement of Financial Position as at 31 December 2018 £ Current liabilities: Accounts payable Share capital Retained profits: As at 31.12.2017 Add Profit for 2018 53,000 (16,000) 34,000 21,000 18,000 23,000 26,000 £ 125,000 85,000 210,000 170,000 380,000 98,000 478,000 (16,000) 462,000 325,000 37,000 100,000 462,000 £ 72,000 73,000 145,000 (6,000) 139,000 90,000 49,000 139,000