a. On 1 January 2020, Kent Ltd sold inventory costing $10,000 to Lodh Ltd at a transfer (sale) price $16,000. Lodh Ltd sold half of this inventory to an external party for $10,000 (i.e., half of the inventory is remained with Lodh Ltd at the end of the year).

b. During March 2018, Lodh Ltd paid a $5,500 interim dividend.

c. Kent Ltd rented a spare warehouse to Lodh Ltd. The total charge for the rental was $6,000. Lodh Ltd paid the whole amount to Kent Ltd during the year.

d. On 1 July 2019, Kent Ltd sold an item of plant costing $15 000 to Lodh Ltd for $18 000. PIA Ltd had not charged any depreciation on the plant before the sale. Both entities depreciate assets at 10% p.a. on cost.