Impact at control date and subsequently of unrecorded fair values of non$-$depreciable assets

Preston Ltd purchased all the equity of Gould Ltd on $1$ January $20$X$4$ for $$74000.$ At the control date, the equity of Gould

was recorded as:

and its assets were recorded at fair value except for:

Gould's inventory held at the control date was sold during $20$X$4.$ Gould uses the AASB $116$ cost model to measure the

land but, for group purposes, revaluation to fair value is the model applied. Fair values at $31$ December $20$X$4$ and $20$X$5$

were $$86000$ and $$79000$ respectively.

Goodwill impairment recognised was $$600$ in $20$X$4$ and $$2500$ in $20x5.$

Required:

Prepare journal entries for consolidation data adjustments and$/$or eliminations:

$($a$)$ at the control date;

$($b$)$ one year after control date on $31$ December $20$X$4$; and

$($c$)$ two years after control date on $31$ December $20x5.$