15 pts PLtd owns 100% of the issued capital of S Ltd. Both companies use the perpetual method of accounting for inventory. Assume the tax rate is 30% Required: 5 marks for each part Prepare consolidation journal entries for the year ended 30/06/2020 for each of the following independent cases: 1. In April 2020. S Ltd sold inventory to P Ltd for $100,000. This had originally cost 5 Ltd $60,000. At 30/6/2020. s Ltd still had 25% of the inventory on hand