France Ltd owns all the capital of Paris Ltd. On 1 July 2015 France Ltd sells machinery to Paris Ltd for $150,000. The tax rate is 30% The machinery is shown in the records of France Ltd as: Machinery (COST) 97,000 Accumulated depreciation (17.000) 80,000 Assume the remaining useful life of the machinery is 9 years. The treatment of the machinery in the group's perspective would be to add the following consolidation adjustment entries on the date of sales and every year after. Requirements: 1. Assuming the date of consolidation is on 30 June 2021, provide all the group elimination entries in next part of this question. (5 marks) 2. Compute the amount of income tax expense in the prior period in the group entries at 30 June 2021 and enter the amount in the answer space below. (1 mark)