Melbourne Ltd owns 100% the share capital of Portland Ltd. The income tax rate is 30%. The following transactions took place during the periods ended 30 June 2020 or 30 June 2021. (a) On 1 May 2020, Melbourne Ltd sold inventories to Portland Ltd for $5 000 in cash, recording a profit of $1000. On 15 June 2020, Portland Ltd sold half of those inventories to an external entity for $3 000. Therefore, half of the inventories were unsold by Portland Ltd at 30 June 2020. On 31 January 2021, Portland Ltd sold the remaining inventories to an external entity for $3 000. Therefore, none of these inventories were on hand at 30 June 2021. (b) On 1 January 2021, Portland Ltd sold inventories costing $5000 to Melbourne Ltd at a transfer price of $8000, paid in cash. The entire inventories were sold by Melbourne Ltd to external entities by 30 June 2021. Required In relation to the above intragroup transactions: i. prepare adjusting journal entries for the consolidation worksheet at 30 June 2020 and 30 June 2021 (narrations are not required). ii. provide a detailed explanation of the journal entry(ies) for the consolidation worksheet at 30 June 2020 only