M Ltd. acquired all the shares of N Ltd. as on 1st January, 2015 for a price of ₹ 7,35,000. The following are the summarised Balance Sheets on 31st December, 2015:

The balance in the Profit and Loss Account of N Ltd. as on 1st January, 2015 was ₹ 1,50,000, a dividend of 10% having been paid during the year in respect of 2014. Plant is to be revalued at ₹ 2,40,000 on 1st January, 2015. Depreciation at 10% has been charged in 2015. The balance in the General Reserve on 1st January, 2015 was ₹ 22,500. Creditors of M Ltd. include ₹ 45,000 for purchases from N Ltd. on which the latter Company made a profit of ₹ 12,750. Stock of M Ltd. includes ₹ 15,000 at cost purchased from N Ltd. as part of ₹ 45,000 purchases. Profit and Loss Account of M Ltd. include dividend received from subsidiary. Prepare a Consolidated Balance Sheet.

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I. EQUITY AND LIABILITIES (1) Shareholders' Funds: Balance Sheets of M Ltd. and N Ltd. as at 31st December, 2015 M. Ltd. (a) Share Capital --- Equity Share of (b) Reserves and Surplus: General Reserve TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets Particulars (1) 50 each fully paid Equity Share of 5 each fully paid (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (4) Current Liabilities: Trade Payables - Sundry Creditors (2) Current Assets: Profit and Loss Account TOTAL (i) Tangible Assets: (b) Non-current Investments -75,000 Equity Shares in N. Ltd. Land and Buildings Plant and Machinery (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents --- Cash at Bank Note No. (2) (3) 11,25,000 6,00,000 5,25,000 1,20,000 23,70,000 7,50,000 7,35,000 -- 2,40,000 1,95,000 4,50,000 23,70,000 N. Ltd. ₹ 3,75,000 22,500 2,47,500 1,05,000 7,50,000 1,95,000 2,25,000 1,35,000 1,05,000 90,000 7,50,000