Dean Ltd acquired all the issued share capital of Diane Ltd on 1 January 2013 for cash $200,000. On

the acquisition date, the equity of Diane Ltd is consisted of share capital, $125,000, general reserve -

$31,250 and retained earnings $25,000.

All the identifiable assets and liabilities of Diane Ltd were recorded at fair value except for some

depreciable plant and machinery, which had a carrying amount of $106,250 (cost $125,000) and fair

value of 112,500. The remaining useful life was 10 years. The fair value adjustments would be made

on consolidation rather than on Diane's own accounting book.

Additional information shows:

1. During the current period, Dean Ltd sold inventory to Diane Ltd for $25,000. This had originally

cost Dean Ltd $22,750 to manufacture. By 31 December 2017, Diane sold half of the inventory

to Brit Ltd for $15,388.

2. Dean Ltd's opening inventory includes inventory purchased from Diane Ltd for $109,000. The

inventory had originally costed Diane Ltd $89,000 to purchase.

3. At 1 January 2017, Diane Ltd sold a machine to Dean Ltd for $180,000. This item had a carrying

amount at time of sale to Diane Ltd of $120,000 (original cost $200,000). The remaining useful

life of the machine is 12 years for both entities.

4. Dean Ltd provided computer services cost $36,000 to Diane Ltd during the current financial

year. At 31 December 2017, $3,000 remained unpaid.

5. On 1 January 2016, Diane Ltd sold a plant to Dean Ltd for $22,000. Diane Ltd recorded a profit

of $8,000 before tax. The remaining useful life was 10 years at the time of this intra-group

transaction.

6. Diane Ltd declared final dividend of $10,000 from its current year's profit.

7. Goodwill had been impaired by 10% in the first year following the acquisition. During the year

ended 31 December 2017 it was considered that the goodwill has been further impaired by

an amount of $3,000.

8. The tax rate is 30%.

Required:

I need help in all necessary consolidation worksheet journal entries for the year ended 30

December 2017, according to the requirements of AASB10 Consolidated Financial

Statements. Assuming the financial year for Dean Ltd and Diane Ltd is as same as the

calendar year.