On 1 January 2017, Graham Ltd acquired all the issued shares (cum div.) of Leslie Ltd for $263 000. At that date the equity of Leslie Ltd was recorded at: Share capital $150 000 Reserves 40 000 Retained earnings 60 000 On 1 January 2017, the records of Leslie Ltd also showed that the company had recorded the asset goodwill at cost of $5000. Further Leslie Ltd had a dividend payable liability of $10 000, the dividend to be paid in March 2017. All other assets and liabilities were carried at amounts equal to their fair values. Required A. Prepare the consolidation worksheet entries on 1 January 2017, immediately after combination. B. Prepare the consolidation worksheet entries at 30 June 2017 C. How does the recording of goodwill by the subsidiary affect the accounting for the group's goodwill? On 1 January 2017, Graham Ltd acquired all the issued shares (cum div.) of Leslie Ltd for $263 000. At that date the equity of Leslie Ltd was recorded at: Share capital $150 000 Reserves 40 000 Retained earnings 60 000 On 1 January 2017, the records of Leslie Ltd also showed that the company had recorded the asset goodwill at cost of $5000. Further Leslie Ltd had a dividend payable liability of $10 000, the dividend to be paid in March 2017. All other assets and liabilities were carried at amounts equal to their fair values. Required A. Prepare the consolidation worksheet entries on 1 January 2017, immediately after combination. B. Prepare the consolidation worksheet entries at 30 June 2017 C. How does the recording of goodwill by the subsidiary affect the accounting for the group's goodwill