Prepare the statements of financial position of Mother Ltd and the consolidated statement of financial position as at 1 January 2020 after each transaction, using for each question the statements of financial position of Mother Ltd and Son Ltd as at 1 January 2020 which were as follows:

Items	Mother Ltd ($)	Son Ltd ($)
Cash	30,000	10,000
Other net assets	25,000	2,800
Total assets	55,000	12,800
Ordinary shares of $1 each	45,500	3,000
Retained earnings	9,500	9,800
Total equity	55,000	12,800

On 1 January 2020 Mother Ltd acquired all the ordinary share in Son Ltd for $15,000 cash. The fair value of the net assets in Son Ltd was their book value.

Assume the purchase in case a was satisfied by the issue of 5,000 new ordinary shares in Mother Ltd. The fair value of a $1 ordinary share in Mother Ltd was $3. The fair value of the net assets in Son Ltd was their book value.

On 1 January 2020, Mother acquired 70% of the ordinary shares in Son Ltd for 10,000 cash. The fair value of the net asset in Son Ltd was their book value. Assume in this case that the non-controlling interest is measured using method 1.