On 1 July 2014 , Sam Ltd acquired 40% of the capital of Kayla Ltd for $4,500 and recognized investment in an associate. Kayla has a retained earnings of $2,150 and a share capital of $10,000 on 1 July 2014. All the identifiable assets and liabilities of Kayla Ltd were recorded at fair value except for the following: All this inventory was sold in the 12 months after 1 July 2014 . The depreciable assets were considered to have a future 5 -year life. For the year ended 30 June 2015 , Kayla Ltd recorded a profit after tax of $2,000. Kayla Ltd paid a dividend of \$200 in January 2015. Sam Ltd. Treats dividend receipts as dividend revenue. During the year ended 30 June 2015, Kayla Ltd sold inventory to Sam Ltd for $6,000. The cost of this inventory to Kayla Ltd was $4,000. Sam Ltd has resold only 20% of these items before the year end. On 1 January 2015, Sam Ltd sold Kayla Ltd a motor vehicle at a profit of $800. Both companies treat motor vehicles as non-current assets. Both companies charge depreciation at 20% p.a. on the reducing balance. The financial statements for Sam Ltd and Kayla Ltd for the financial year ended 30 June 2015 are shown below. ent assets. Prepare the journal entries in the records of Sam Ltd for the year ended 30 June 2015 in relation to its investments in Kayla Ltd