Joey Consolidated Entity $'000 5,430 601 3,684 664 ? ? 25 245 412 188 Consolidation worksheet for financial year ended 30 June 2021 Chandler Adjustments Ltd Ltd Debit Ref Credit $'000 $'000 $'000 $'000 Sales revenue 4,360 1,570 500 f Less cost of goods sold Opening inventories 375 256 i 30 Add purchases 3,080 1,104 f 500 Less closing inventories 425 279 40 g Cost of goods sold 3.030 1,081 Gross profit 1,330 489 Dividend revenue 70 0 70 Management fee revenue 0 25 d Interest revenue 0 15 15 Depreciation expense 187 20 Finance costs 105 98 e 15 Other expenses 325 79 20 c/d 25 Profit before tax 750 140 Tax expense 265 45 15.00 i/g/1 12.00 Profit after tax for the year 485 95 Retained earnings 1 July 849 394 233 b/i/ 64 2020 Dividends paid (53) (28) 28 Dividends declared (107) (42) J 42 Retained earnings 30 June 1,174 2021 Issued capital 750 400 400 b Revaluation surplus 190 0 Fair value adjustment 84 b/a 84 Shareholders' equity 2,114 819 Assets Cash 190 170 Accounts receivable 173 109 h 40 Dividends receivable 42 0 k 42 Inventories 425 279 9 40 Investment in Chandler 640 0 b 640 Ltd Loan to Joey Ltd 0 250 e 250 399 ? 313 ? 1,074 (53) (107) 1,411 419 750 190 ? 360 242 664 120 a 1,099 1,440 (475) 450 968 (525) 1.669 2,408 (1,000) 1.025 (275) 690 (290) 10 60 -- 1,725 (595) 36 36.00 b/c g1 888 25 18.00 Land Buildings Accumulated depreciation Plant and equipment Accumulated depreciation Goodwill (net) Deferred tax asset Total assets Less liabilities Current taxes payable Accounts payable Dividend payable Loan from Chandler Ltd Mortgage loan Deferred tax liabilities Net assets 35 4.319 16 78 5,567 2,126 198 302 107 111 292 107 250 1.255 190 2,114 40 42 250 k 87 50 42 0 1.100 28 819 36 1,996.00 2,365 254 ? 1996.00 Which of the following would not form part of Joey Ltd's purchase consideration paid / transferred by Joey Ltd to the former shareholders of Chandler Ltd: a. Assets transferred by Joey Ltd. b. Equity interests issued by Joey Ltd c. Due diligence and legal costs expended on the acquisition by Joey Ltd. d. Liabilities incurred by Joey Ltd to the former owners of Chandler Ltd