2. On 16 May 2020, Zoe Ltd sold equipment to Natalie Ltd for $50 000, this asset having a carrying amount at time of sale of $40 000. The equipment was regarded by Zoe Ltd as a depreciable non-current asset, being depreciated at 10% p.a. on cost, whereas Natalie Ltd records the machinery as inventories. The asset was sold by Natalie Ltd before 30 June 2020. CHAPTER 11 Consolidation: Intragroup transactions 549 please provide the journal entries of Zoe's book and Natalie's book for this transaction - from PPE to Inventory. As long as you provide them, then I know how to consolidate. Required Prepare the consolidation worksheet adjustment entries for the preparation of consolidated financial statements at 30 June 2020. The tax rate is 30%