Financial information at 30 June 2020 of Great Ltd and its subsidiary company, Wall Ltd, is shown below.

At 1 July 2017, the date Great Ltd acquired its 80% shareholding in Wall Ltd, all the identifiable assets and liabilities of Wall Ltd were at fair value except for the following assets:

		Carrying amount		Fair value
Plant (cost $75,000)		$49,000		$55,000
Land		29,000		37,000

The plant has an expected life of 10 years, with benefits being received evenly over that period. Differences between carrying amounts and fair values are adjusted on consolidation. The land on hand at 1 July 2017 was sold on 1 February 2018 for $40,000. Any valuation reserve in relation to the land is transferred on consolidation to retained earnings.

Great Ltd uses the full goodwill method. The fair value of the non-controlling interest at 1 July 2017 was $31,500.

		Great Ltd				Wall Ltd
Sales revenue		$	316,000			$	220,000
Other revenue:
Debenture interest			5,000
Management and consulting fees			5,000
Dividend from Wall Ltd			12,000
Total revenues			338,000				220,000
Cost of sales			130,000				85,000
Manufacturing expenses			90,000				60,000
Depreciation on plant			15,000				15,000
Administrative			15,000				8,000
Financial			11,000				5,000
Other expenses			14,000				12,000
Total expenses			275,000				185,000
Profit before tax			63,000				35,000
Income tax expense			(25,000	)			(17,000	)
Profit			38,000				18,000
Retained earnings (1/7/19)			50,000				45,000
			88,000				63,000
Transfer to general reserve			3,000
Interim dividend paid			10,000				10,000
Final dividend declared			10,000				5,000
			23,000				15,000
Retained earnings (30/6/20)			65,000				48,000
General reserve			50,000				10,000
Other components of equity			13,000				10,000
Share capital			300,000				100,000
Debentures			200,000				100,000
Current tax liability			25,000				17,000
Dividend payable			10,000				5,000
Deferred tax liability							7,000
Other liabilities			90,000				12,000
		$	753,000			$	309,000
Financial assets		$	50,000			$	60,000
Debentures in Wall Ltd			100,000
Shares in Wall Ltd			131,600
Plant (cost)			120,000				102,000
Accumulated depreciation plant			(65,000	)			(55,000	)
Other depreciable assets			76,000				55,000
Accumulated depreciation			(40,000	)			(25,000	)
Inventory			90,000				85,000
Deferred tax asset			85,400				30,000
Land			201,000				57,000
Dividend receivable			4,000
		$	753,000			$	309,000

Additional information

1. Inventory on hand of Wall Ltd at 1 July 2019 included a quantity priced at $10,000 that had been sold to Wall Ltd by its parent. This inventory had cost Great Ltd $7,500. It was all sold by Wall Ltd during the year.
2. In Great Ltds inventory at 30 June 2020 were various items sold to it by Wall Ltd at $5,000 above cost.
3. During the year, intragroup sales by Wall Ltd to Great Ltd were $60,000. It was also learned that Wall Ltd had sold to Great Ltd an item from its inventory for $20,000 on 1 January 2019. Great Ltd had treated this item as an addition to its plant and machinery. The item was put into service as soon as received by Great Ltd and depreciation charged at 20% p.a. The item had been fully imported by Wall Ltd at a landed cost of $15,000.
4. Management and consulting fees derived by Great Ltd were all from Wall Ltd and represented charges made for administration $2,200 and technical services $2,800. The latter were charged by Wall Ltd to manufacturing expenses.
5. All debentures issued by Wall Ltd are held by Great Ltd.
6. Other components of equity relate to movements in the fair values of the financial assets. The balance of this account at 1 July 2019 was $10,000 (Great Ltd) and $8,000 (Wall Ltd).
7. The tax rate is 30%.
8. At the acquisition date of 80% of its issued shares by Great Ltd, the equity of Wall Ltd was:

Share capital (100,000 shares)		$100,000
General reserve		3,000
Retained earnings		37,000

Prepare the consolidation journals as at 30 June 2020