Hi$,$ I am currently doing some practice questions for an accounting exam but I don't know how to solve this. Please help.

On acquisition date, a contingent liability relating to an unsettled legal claim with a fair value of $$60000$ was recorded in the notes to the subsidiary's financial statements. The parent company must then recognise the liability in its consolidated financial statements at fair value. The company tax rate is $30\%.$ In the year following the acquisition, the subsidiary loses the court case and pays damages of an amount less than $$60000,$ say $$16000,$ then the consolidation worksheet entry is: