Global Ltd owns all the share capital of Local Ltd. The following intragroup transactions took place during the periods ended 30 June 2023 and 30 June 2024:

(a) During the period ended 30 June 2023, Local Ltd paid an interim dividend of $30 000 out of pre-acquisition profits. As a result, the investment in Local Ltd is considered to be impaired by $30 000.

(b) On 30 June 2023, Local Ltd declared a final dividend of $35 000 out of post-acquisition profits.

(c) During the period ended 30 June 2024, Local Ltd paid an interim dividend of $40 000 out of post-acquisition profits.

(d) On 30 June 2024, Local Ltd declared a final dividend of $45 000 out of post-acquisition profits.