Dingo Ltd owns all of the shares of Bilby Ltd. In relation to the following intragroup transactions, all parts of which are independent unless specified, prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2016. Assume an income tax rate of 30%.

(a) On 1 January 2015, Dingo Ltd sold inventory costing $6,000 to Bilby Ltd at a transfer price of $8,000. On 1 September 2015, Bilby Ltd sold half these items of inventory back to Dingo Ltd, receiving $3,000 from Dingo Ltd. Of the remaining inventory kept by Bilby Ltd, half was sold in January 2016 to Goanna Ltd at a loss of $200.

(b) On 1 January 2016, Bilby Ltd sold an item of plant to Dingo Ltd for $2,000. Immediately before the sale, Bilby Ltd had the item of plant on its accounts for $3,000. Bilby Ltd depreciated items at 5% p.a. on the diminishing balance and Dingo Ltd used the straight-line method over 10 years.

(c) On 1 July 2015, Dingo Ltd sold a motor vehicle to Bilby Ltd for $12,000. This had a carrying amount to Dingo Ltd of $9,600. Both entities depreciate motor vehicles at a rate of 10% p.a. on cost.

(d) During the 2014-15 periods, Dingo Ltd sold inventory to Bilby Ltd for $9,000, recording a before-tax profit of $1,800. Half this inventory was unsold by Bilby Ltd at 30 June 2015.

(e) Bilby Ltd sells second-hand machinery. Dingo Ltd sold one of its depreciable assets (original cost $80,000, accumulated depreciation $64,000) to Bilby Ltd for $10,000 on 1 January 2016 Bilby Ltd had not resold the item by 30 June 2016.

(f) On 1 May 2016, Bilby Ltd sold inventory costing $300 to Dingo Ltd for $360 on credit. On 30 June 2016, only half of these goods had been sold by Dingo Ltd, but Dingo Ltd had paid $280 back to Bilby Ltd.