Cobra Ltd. paid management fees of $30,000 to Mongoose Ltd. i Mongoose Ltd sold inventory for $35,000 to parties external to the group. Cobra Ltd had previously sold this inventory to Mongoose Ltd for $30,000. The inventory had cost Cobra Ltd $20,000 ii Mongoose Ltd sold inventory to Cobra Ltd for $80,000. This inventory had cost Mongoose Ltd $40,000. Cobra Ltd sold three-quarters of this inventory to parties external to the group. iv On 1 July 2022, Cobra Ltd sold machinery to Mongoose Ltd for $300,000. The machinery was originally purchased by Cobra Ltd on 1 July 2018. The carrying amount of the machinery at the time of sale was $240,000 (cost $400,000, accumulated depreciation $160,000). The machinery is assessed as having a remaining useful life of 5 years from the date of sale. Straight-line depreciation is used The tax rate is 30% Required: Prepare the consolidation elimination journal entries required for the above intra- Part A: group transactions. Show workings and calculations