in viruses. Unless you need to edit it's safer to stay in Protected View. Enable Editing Tasmanian Ltd owns all the issued shares of Tiger Ltd, having acquired its ownership inter on 1 August 2010. The accountant, Ms Echidna, is preparing the consolidated financial statements at 30 June 2016, and, as a part of preparing the consolidation worksheet for Tasmanian Ltd, is analysing the intragroup transactions between the parent and its subsid The intragroup transactions under analysis are as follows (assume a tax rate of 30%): a) On 1 February 2016, Tiger Ltd sold inventory to Tasmanian Ltd for $15 000, recordir before-tax profit of $3000. By 30 June 2016, Tasmanian Ltd has sold one-third of thes other entities for $6000. b) On 1 January 2015, Tasmanian Ltd sold an item of machinery to Tiger Ltd that Tiger classified as inventory. At the date of sale, Tasmanian Ltd had recorded the asset at a carrying amount of $150 000 (net of $20 000 depreciation, calculated using a 10% straight-line method). Tiger Ltd recorded the asset at $160 000. Tiger Ltd sold it to O Animals Ltd on 15 August 2015 for $100 000. 3) Tasmanian Ltd supplies motor vehicles to its executives, and the managing director is supplied with a new Ferrari every 2 years. On 1 January 2014, as the managing direc Tasmanian Ltd wanted a new car, the company sold the Ferrari to Tiger Ltd to be us the newly appointed accounting graduate. At the date of sale, the car had a carrying amount of $240 000, and was sold to Tiger Ltd for $260 000. The vehicle is depreciate 20% p.a. straight-line by Tiger Ltd, and is still being used by the accounting graduat 1 Tasmanian Ltd installed new computing systems at a cost of $825 000 on 1 Septembe These are depreciated evenly over a 5-year period. To assist in the installation and tr Tiger Ltd sent one of its young computer experts to Tasmanian Ltd for a 6-month pe charging the company $100 000 for the services provided. quired Prepare the consolidation worksheet entries at 30 June 2016 to adjust for the effects above inter-entity transactions