Note: office expense for Fluffy is 7800. please look at the both files and their is no other information provided expect these two files. Thanks.

Make a consolidation worksheet for the preparation of the consolidated financial statements of Fluffy Ltd at 30 June 2017.

\f(d) On 1 January 2015, Fluffy Ltd sold an item of inventory to Glider Lid for $18 000. The inventory had cost Fluffy Ltd $16 000. This item was classified by Glider Lid as plant. Plant of this type is depreciated by Glider Ltd at 20% p.a (e) On 1 March 2017, Glider Ltd sold an item of plant to Fluffy Ltd. Whereas Glider Ltd classified this as plant, Fluffy Lid classified it as inventory. The sales price was $9000 which included a profit to Glider Lid of $1500. Fluffy Lid sold this to another entity on 31 March for $9900. (f) The tax rate is 30%. At 30 June 2017, the following financial information was provided by the two companies: Fluffy Ltd Glider Ltd Dr Cr Dr CR Sales revenue 64500 78000 Cost of sales 30900 46350 Trading expenses 7:800 9000 Office expenses 1950 4050 Depreciation expenses 1800 3900 Proceeds on sale of plant 9000 15000 Carrying amount of plant sold 7500 14000 Income tax expense 11100 7300 Share capital 96000 56000 Retained earnings 48000 31500 Current liabilities 21100 10500 Deferred tax liability 11000 15000 Plant 57000 107250 Accumulated depreciation - plant 18300 33450 Intangibles 2000 11100 Deferred tax assets 8100 9450 Shares in Glider Lid 90000 0 Inventory 28500 24600 Receivables 8250 12450 267900 267900 249450 249450