Koala Ltd owns all of the shares of Kangaroo Ltd. In relation to the following intragroup transactions, all parts of which are independent unless specified, prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2016. Assume an income tax rate of 30%.

(a) In April 2016, Koala Ltd sells inventory to Kangaroo Ltd for $12 000. This inventory had previously cost Koala Ltd $8000, and it remains unsold by Kangaroo Ltd at the end of the period.

(b) All the inventory in (a) is sold to Cockatoo Ltd, an external party, for $16 500 on 19 June 2016.

(c) Half the inventory in (a) is sold to Galah Ltd, an external party, for $7200 on 20 June 2016. The remainder is still unsold at the end of the period.

(d) Koala Ltd, in January 2016, sold inventory for $8000. This inventory had been sold to it by Kangaroo Ltd in the previous year. It had originally cost Kangaroo Ltd $4800, and was sold to Koala Ltd for $9600.