2.You are required to complete only the following 2 sheets:

Sheet 3: Consolidated Journal Entries, and

Sheet 4: Consolidated Worksheet

In each sheet, you can only enter data in the yellow shaded cells. All other cells and sheets have been protected to ensure the integrity of the assignment. When calculating dollar values, round to the nearest dollar.

3."Consolidated Journal Entries" sheet (Sheet 3)

In this sheet, you are required to complete two (2) sections:

1) Acquisition analysis

Based on the information in the "Background information" sheet, provide the required calculations at acquisition date.

2) Consolidation Adjustments at 30/6/2021

Use the relevant sub-heading sections available to record any consolidated journal entries you deem necessary at the balance date. The number of rows provided in each sub-heading section is deemed to be more than adequate. Note that you don't need to fill in every single row in order to complete journal entries.

When recording journal entries, no narrations are required and there is no need to indent account names.

4."Consolidated Worksheet" sheet (Sheet 4)

Post your journal entries from the "Consolidated Journal Entries" sheet into this sheet using columns D (Ref), E and F.

If a particular line item say, Retained Earnings, has several journals to be posted, DO NOT add the journals and post a single value; instead, post the journals individually using the alpha-numeric references provided in the previous sheet. Also, each debit or credit entry should be entered on a separate row.

Finally enter the "Group" totals, this time using only a single value for each line item.

Final dividend declared Retained earnings (30/06/2022) Share Capital General reserve Total Owner's Equity Addirional intormation: b) The directors apoly the impoiment test foe poodeill annualy. CONSOLIDATED XOURNA FNTRIFS: 1. Acgusition Anshsis 2. Consolidation Adiustments at 30/06/2022 COFASOUATID WORKSHEEE: BCVR / Reveruetion Reserve Final dividend declared Retained earnings (30/06/2022) Share Capital General reserve Total Owner's Equity Addirional intormation: b) The directors apoly the impoiment test foe poodeill annualy. CONSOLIDATED XOURNA FNTRIFS: 1. Acgusition Anshsis 2. Consolidation Adiustments at 30/06/2022 COFASOUATID WORKSHEEE: BCVR / Reveruetion Reserve