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Natlix Ltd acquired 1 0 0 % of the issued ordinary shares of Igloo Ltd on 1 July 2 0 2 0 for a cash

Natlix Ltd acquired 100% of the issued ordinary shares of Igloo Ltd on 1 July 2020 for a cash consideration amounting to $1370000.
At the date of acquisition, 1 July 2020, the net assets of Igloo Ltd comprised:
Paid up Ordinary Capital $1020000
Retained Earnings $385000
During the year ending 30 June 2021, the following transactions occurred between Natlix Ltd and Igloo Ltd:
On 1 July 2020, Igloo Ltd sold surplus equipment to Natlix Ltd for $61440. The equipment had cost Igloo Ltd $102400 and was 5 years old with accumulated depreciation amounting to
$43200 at the time of sale. The remaining useful life of the machinery as at 1 July 2020 is four years.
Natlix Ltd purchased $48400 worth of inventory from Igloo Ltd. As at 30 June 2021, Natlix Ltd held 25% of this stock on hand. The cost price of the total inventory sold in the books of Igloo Ltd was $12500.
Igloo Ltd also purchased inventory from Natlix Ltd for $6400. As at 30 June 2021,40% of this inventory had been sold by Igloo Ltd. The cost of the goods sold in total for Natlix Ltd was $2560.
On 30 June 2021, Igloo Ltd declared (but has not yet paid) a final dividend amounting to $7600.
Interest of $800 incurred to 30 June 2021 on a loan payable to Natlix Ltd was paid by Igloo Ltd during the year. The balance of the loan outstanding as at 30 June 2021 was $2400.
Additional Information
Assume the company tax rate is 30%.
Round each calculation to the nearest whole dollar.
Both companies adopt the perpetual method of accounting for inventory.
Required
Prepare all consolidation journal entries as required for the year ending 30 June 2021. Show all relevant calculations.

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