Dingo Ltd owns all of the shares of Wombat 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 2020. Assume an income tax rate of 30%.

Part C

In the 2018-19 period, Wombat Ltd sold land to Dingo Ltd at $100000 above cost. The land is still held by Dingo Ltd.