A Ltd acquires all of the shares in B Ltd on 1 July 2020. The financial information provided by the two entities at 30 June 2021 was as follows:

	A Ltd	B Ltd
Sales	$200,000	$100,000
Dividend revenue	35,000	5 000
Other income/gains	80 000	23 000
	315,000	128,000
Cost of sales	(80,000)	(50 000)
Other expenses	(25,000)	(13 000)
	(105,000)	(63 000)
Profit before income tax	210,000	65,000
Income tax expense	(45 000)	(15,000)
Profit for the year	165,000	50 000
Retained earnings (1/7/20)	30 000	18 000
	195,000	68,000
Dividend paid	(20 000)	(8,800)
Dividend declared	(22 000)	(5,000)
	(42 000)	(13,800)
Retained earnings (30/6/21)	153,000	54,200
Share capital	400 000	80 000
General reserve	50 000	30,000
Total equity	$603,000	$164,200
Notes payable	100,000	70 000
Dividend payable	20 000	5,000
Provisions	18 000	20,000
Payables	16 500	15 000
Total liabilities	$154,500	$110,000
Total equity and liabilities	$757,500	$274,200
Plant	260,000	170,000
Accumulated depreciation	(60 000)	(64,000)
Land	200,000	87,000
8% Notes Receivable in B Ltd	50,000
Shares in B Ltd	150 000
Cash	28 500	15,000
Receivables	26,000	35,200
Inventory	103 000	31,000
Total assets	$757,500	$274,200

The amounts of Share Capital and General Reserve of B Ltd remain the same since the acquisition date.

Interest on Notes Receivable is received on 1 July each year. Tax rate is 30%.

Required:

Prepare consolidated worksheet entries required for the preparation of the consolidated financial statements of A Ltd and B Ltd on 30 June 2021 in accordance to IFRS 3/ AASB 3 Business Combinations and IFRS 10/ AASB 10 Consolidated Financial Statements. Show all workings. Narrations for the journal entries are required.