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

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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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