Following are the summarised Balance Sheets of Imperial Co. Ltd. and Colonial Co. Ltd. as on December 31, 2015:

You are required to prepare a Consolidated Balance Sheet as on 31.12.2015 showing in detail necessary adjustments and taking into consideration the following information:
(a) Imperial Co. Ltd. acquired the shares of Colonial Co. Ltd. on 1.1.2015 when the balances on their Profit and Loss Account and General Reserve were ₹ 75,000 and ~ 80,000 respectively.
(b) Stock of ₹ 1,60,000 held by Colonial Co. Ltd. consists of ₹ 60,000 goods purchased from Imperial Co. Ltd. who has charged profit at 25% on cost.

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Balance Sheets of Imperial Co. Ltd. and Colonial Co. Ltd. as at 31st December, 2015 Imperial Co. Ltd. Colonial Co. Ltd. ₹ (4) I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital Equity Share of 10 each (b) Reserves and Surplus: General Reserve (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (4) Current Liabilities: TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets Particulars (1) Trade Payables --- Sundry Creditors TOTAL Profit and Loss Account (i) Tangible Assets: (2) Current Assets: (a) Current Investments Freehold Premises Plant and Machinery Furniture (b) Non-current Investments - 20,000 Equity Shares in Colonial Co. Ltd. (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents - Cash at Bank Note No. (2) (3) 10,00,000 4,00,000 3,00,000 1,00,000 18,00,000 4,50,000 3,50,000 80,000 2,60,000 3,20,000 3,00,000 40,000 18,00,000 3,00,000 1,25,000 1,75,000 70,000 6,70,000 1,20,000 1,60,000 30,000 - 1,60,000 1,70,000 30,000 6,70,000