Grandview Ltd acquired 100% of the issued capital of Electro Ltd on 1 July 2021 for $110,000 At that date the shareholders' equity of Electro Ltd was: Share Capital General Reserves Retained Earnings $60,000 15,000 16,000 During the year ended 30 June 2021: Electro Ltd sold goods to Grandview Ltd for 70,000 and unrealised profit in closing inventory of Grandview Ltd was $6,000. During the year Electro Ltd paid an interim dividend of $4,000 and at 30June 2021 they provided for a final dividend of $6,000. No impairment of goodwill occurred. Required: (a) Journal entries to eliminate the investment in Electro Ltd by Grandview Ltd. (b) Journal entries to eliminate any other inter-company transactions.