Left is a parent company that prepares consolidated financial statements. On 1 July 2021 Left Ltd acquired 40% of the equity in Right Ltd for $220 000. At this date the equity in Right Ltd consisted of: Capital $250 000 Revaluation reserve $50 000 $150 000 Retained profits Right Ltd carried its assets fair values with the exception of one item of plant & equipment whose fair value was $20 000 greater than its carrying amount. The estimated useful life of this item is 4 years. Summary of movements in the retained earnings of Right Ltd: Profit after tax 2022 140 000 2023 200 000 Retained profits at start Dividends 150 000 210 000 (80 000) (100 000) Retained profits at end 210 000 310 000 At 30 June 2022 there were unrealised profits before tax of $10 000 arising from inventory transfers between the two entities. required: Prepare the journal entries in the records of Left Ltd for the year ended 30 June 2023 in relation to its investment in Right Ltd