On $1$ January $2019,$ the parent sold machinery to its subsidiary for $$200000.$ The carrying amount of the

machinery at time of sale was $$140000.$ The machinery is depreciated at $25\%$ p$.$a$.$ on cost$.$ Assume an

income tax rate of $30\%.$ Prepare the consolidation worksheet adjusting entries for preparation of the

consolidated financial statements as at $30$ June $2020.$

Note: Round your answers to the nearest dollar.

Answer: