On 1 July 2015, Watch Ltd acquired 75% of the issued shares of Bay Ltd for $180,000. The following balances appeared in the records of Bay Ltd at this date:

Share capital	$90,000
General reserve	9,000
Retained earnings	44,000

The plant had a remaining useful life of 5 years beyond 1 July 2015, with benefits to be received on a straight-line basis over the period. The plant was sold by Bay Ltd on 1 January 2020 for $17,000. By 30 June 2016, receivables had all been collected and inventories sold. Any adjustments for differences at acquisition date between carrying amounts and fair values are made on consolidation.

Additional information:

1. The tax rate is 30%.
2. Bay Ltd sold inventory to Watch Ltd for $14,000. This inventory had cost Bay Ltd $7,000. At 30 June 2017, one-fifth of this inventory still remained in Watch Ltd.
3. At 1 July 2019, inventories of Watch Ltd included goods of $4,000 resulting from a sale on 1 February 2019 of non-current assets by Bay Ltd at a before-tax profit of $700. These items were on-sold to external entities by Watch Ltd on 1 September 2019. This class of non-current assets is depreciated using a 10% per year.
4. On 1 January 2020, Bay Ltd sold an item of equipment to Watch Ltd for $8,000 at a before-tax profit of $2,400. For equipment assets, Bay Ltd applies a 5% per year depreciation rate, while Watch Ltd uses a 2.5% per year rate.
5. The movement in the General reserve was from Retained earnings on hand at 1 July 2015.
6. Financial information for the year ended 30 June 2020 includes the following:

	Watch Ltd	Bay Ltd
Sales revenue	336,000	204,000
Dividend revenue	12,000	0
Other revenue	48,000	32,000
Total revenue	396,000	236,000
Cost of sales	232,000	104,000
Other expenses	16,000	8,000
Selling and administrative (including depreciation)	32,000	24,000
Total expenses	280,000	136,000
Profit from trading	116,000	100,000
Gain on sale of property, plant and equipment	16,000	6,100
Profit before tax	132,000	106,100
Income tax expense	52,800	41,500
Profit for the period	79,200	64,600
Retained earnings (1/7/19)	160,000	78,500
	239,200	143,100
Transfer to general reserve	15,200	5,000
Interim dividend paid	16,000	30,000
Final dividend declared	16,000	15,000
	47,200	50,000
Retained earnings (30/6/20)	192,000	93,100
Asset revaluation surplus (1/7/19)	12,000	7,000
Gains on property revaluation	4,000	3,000
Asset revaluation surplus (30/6/20)	16,000	10,000

Question:

C.Prepare the consolidation journal entries for Watch Ltd using the partial goodwill method at 1 July 2015.

D. Prepare the consolidation journal entries for Watch Ltd using the partial goodwill method at 30 June 2020.

These consolidation journal entries should be prepared in the following format:
(a) Business combination valuation entries at 30 June 2020
(b) Pre-acquisition entries at 30 June 2020
(c) NCI share of equity at 1 July 2015
(d) NCI share of equity changes from 1 July 2015 to 30 June 2019
(e) NCI share of equity changes from 1 July 2019 to 30 June 2020
(f) Intra-group transaction adjustments required as at 30 June 2020