Jonathan Ltd acquired all the issued sheres (ex-div,) of Thomas Ltd on 1 July 2020 for $246000. At this dete the equity of Thomes Lto consisted of: At the acquisition date all the identifibble assets and liabilities of Thomas Ltd consisted of: The inventcries were all sold by 30 June 2020 . The land was sold on 1 February 2021 for $150000. The plant was conside red to have a further 5 -year life. The plant eras sold for $155000 on 1 January 2022. Aso, at acquisition date Thomas Ltd had recorded a dividend payable of $7000 and goodwill (net of accumulated impairment losses of $13000 ) of $5000. Thomas Ltd had not recorded some internally generated brands that Jonathen Ltd considered to have a fair value of S12 000 . The brand was considered to have an indefinite lite. Also not recorded by Thomas Lto was a contingent liability relating to a current court case in which Thomas Ltd was involved and a supplier was seeking compensation. Jonathan Lto placed a tair value of $15000 on this liability. This court case was setted in May 2022 at which time Thomas Ltd was required to pay damages of S16000. In February 2021. Thomas Lid transferred $20000 from the general reserve on hand at 1 July 2020 to retained eam ings. A further $15000 was transferred in February 2022. Eoth companles have an eculty account entited 'Other components of equity' to which certain gains and losses from financial assets are taken. Ak 1 duly 2021, the balances of these accounts were $30000 (Jonathan Lto) and $15000 (Thomas Ltd). The financial statements of the two companies at 30 June 2022 contained the following information. Required Complete the corsclidated worksheet for 30 June 2022 . Prepare the consolidated financial statements at 30 June 2022 Write a report to explain the consolidation process as per AASB10 for wholly ownedentities