Statements of financial position, as at 31 December 2011, of Alpha and its fully owned subsidiary, Beta, include items stated below. Trade receivables reported by Alpha includes £70 receivable from Beta. Identify the amounts of receivables and payables to be stated in the Consolidated Statement of financial position as at 31 December 2011.

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Alpha's Trade receivables Trade payables £ 540 428 Beta's Trade receivables Trade payables £ 348 296