M Ltd owns all of the issued capital of W Ltd. The following intra group transactions occurred during the year ended 30th june 2021. 1. During the year ended 30th June 2021W Ltd sold $50,000 of inventory to M Ltd recorded a profit before tax of $10,000 on these transactions. At 30 June 2021M Ltd has 25m. C these goods on hand. 2. W Ltd 50 ld a warehouse to M Ltd for $100,000 on 1 1. This had originally cost W Lted $82,000, M Ltd charges depreciation at 5% per annum on a straight lir 3. During the year ended 30th June 2021M Ltd sold inventory costing $12,000 to W Ltd for $18,000. Two thirds of this inventory was sold to external parties during the year. 4. In June 2021M Ltd declared a dividend of $10,000 and W Ltd declared a dividend of $5000. 5. On 1 October 2008M Ltd issued 100010% debentures of $100 each. W Ltd purchased 400 of these debentures. Interest has been paid up to30 June 2021. 6. M Ltd rented a warehouse to W Ltd and to another company China Ltd during the year ended 30th June 2021 . The total rent for the year was $3000 which was paid equally by W Ltd and China. Required repare the consolidation journal entries required for the consolidation of M Ltd and W Ltd for the year ended 303 th ine 2021. Assume a tax rate of 30%. (20 Marks)