On $1$ January $2021,$ Alpha Co$,$ paid $90,000$ for a controlling interest of $80\%$ in Beta Co's equity when the retained earnings of Beta Co were $25,000.$ The summarised statement of financial positions at $31$ December $2021$ are as follows:

Alpha

Beta

Investment in Beta Co

$90,000$

Property plant and equipment

$30,000$

$30,000$

Current assets

$30,000$

$30,000$

Equity shares

$25,000$

$15,000$

Retained earnings

$100,000$

$40,000$

Liabilities

$25,000$

$5,000$

Additional information

$($i$)$ At the date of acquisition, the fair value of the NCI of Beta Co was measured at $20,000$

$($i$)$ For consolidation purposes, at the date of acquisition the fair value of the non$-$depreciable land of Beta Co exceeded its carrying value by $25,000.$ Beta Co has not incorporated this fair value adjustment into its individual financial statements. $($iii$)$ At the reporting date, Alpha Co is owed $5,000$ by Beta Co$.$

 

 

Required:

Prepare the consolidated statement of financial position for the Alpha Group as at $31$

December $2021.$