Chamber Ltd acquires 100 per cent of the shares of Chandler Ltd on 1 July 2022 for a consideration of $1.25 million. The share capital and reserves of Chandler Ltd at the date of acquisition are:

Share capital	$750 000
Retained earnings	$375 000
Revaluation surplus	$375 000
	$1 500 000

Additional information

There are no transactions between the entities and all assets are fairly valued at the date of acquisition. No land or plant is acquired or sold by Weenie Ltd in the year to 30 June 2023. The financial statements of Whopper Ltd and Weenie Ltd at 30 June 2023 (one year after acquisition) are:

	Chamber Ltd ($000)	Chandler Ltd ($000)
Reconciliation of opening and closing retained earnings
Profit before tax	750	375
Tax	(250)	(125)
Profit after tax	500	250
Retained earnings at 30 June 2022	1 000	375
Retained earnings at 30 June 2023	1 500	625
Statements of financial position
Shareholders equity
Retained earnings	1 500	625
Share capital	3 000	750
Revaluation surplus	750	500
Current liabilities
Accounts payable	250	250
Non-current liabilities
Loans	1 500	625
	7 000	2750
Current assets
Cash	250	200
Accounts receivable	875	300
Non-current assets
Land	1 750	750
Plant	2 875	1500
Investment in Weenie Ltd	1 250
	7 000	2750

REQUIRED

Prepare the consolidated accounts and journal entries for Chamber Ltd and Chandler Ltd as at 30 June.