Gilberts Ltd Potoroo Lid Sales revenue $62 500 $59 000 Dividend revenue 2 500 Other income 2 500 5 000 Gains on sale of non-current assets 2 500 5 000 Total income 70 000 69 000 Cost of sales (52 500) (45 000 Other expenses (7 500) (2500) Total expenses (60 000) (47 500) Profit before income tax 10 000 21 500 Income tax expense (3 375) (4875) Profit for the year 6 625 16 625 Retained earnings (1/7/19) 15 000 7 500 21 625 24 125 Dividend paid (6 250) (2 500) Retained earnings (30/6/20) $15 375 $21 625 Required (a) Calculate acquisition analysis (b) Prepare consolidation journal entries (c) Prepare consolidation worksheet (d) Prepare the consolidated statement of profit or loss and other comprehensive income and the consolidated statement of changes in equity for Gilberts Lid at 30 June 2020. (e Discuss the concept of realisation using the intragroup transactions in this question to illustrate your answer. Marking Guide: Interpretation and representation 20% Calculations 50% Analysis 10% Assumptions 10% Communication 10% will be