Larry Ltd purchased all the shares of John Ltd on 31 December 20X3. John's assets were recorded at fair value except for the following: Land: Carrying amount $47 000 Fair value $70 000 Inventory: Carrying amount $23 000 Fair value $21 000 Equipment: Carrying amount $50 000 Fair value $75 000 Additional information for the above assets: John uses the AASB 116 cost model to measure the land and equipment. However, for group/consolidation purposes, revaluation to fair value is the model applied. Fair value of the land at 31 December 20X4 was $90,000. John's inventory held at the control date was still in stock as at 31 December 20X4. The equipment had a remaining useful life of 5 years at the control date. The residual value is nil. The equipment originally cost $70,000. Required: Prepare entries for the required consolidation data adjustments on 31 December 20X4, the year end. (9 marks) Reminder: No marks will be awarded for workings/calculations. Narrations are not required for the entries. Please provide your answer in the answer space below. Clearly label the DR and CR sides for each entry (otherwise no marks).