Nat Ltd acquires all of the issued capital of Midget Ltd for a cash payment of $1.5 ] million on 30 June 2023. The statements of financial position of both immediately following the purchase are:

Additional information

Immediately following the acquisition, a dividend of $600 000 is declared by Midget Ltd. The accounts provided here do not reflect this dividend payment.

REQUIRED

Provide the consolidated statement of financial position of Nat Ltd and Midget Ltd as at 30 June 2023

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Current assets Cash Accounts receivable Non-current assets Plant 4 440 Investment in Midget Ltd 1 500 6 900 Current liabilities Accounts payable Non-current liabilities Loans Nat Ltd ($000) Midget Ltd ($000) 60 900 Shareholders' equity Share capital Retained earnings 300 2 400 3 000 1 200 6 900 45 135 1 800 1 980 90 540 600 750 1980