On 1 July 2018, Zack Ltd acquired all the issued shares (ex div.) of William Ltd for $227,500. At this date the equity of William Ltd consisted of: Share capital 150 000 General reserve 34 000 Retained earnings 20 000 At acquisition date, William Ltd reported a dividend payable of $8,000. All the identifiable assets and liabilities of William Ltd were recorded at amounts equal to their fair values except for: Carrying amount Fair value Plant (cost $200 000) 175 000 190 000 Land 150 000 155 000 Inventory 32 000 40 000 The plant was considered to have a further 3-year life. Of the inventory, 90% was sold by 30 June 2019 and the remainder was sold by 30 June 2020. The land was sold in January 2019 for $170,000. William Ltd had recorded goodwill of $2,000 (net of accumulated impairment losses of $12,000).William Ltd was involved in a court case that could potentially result in the company paying damages to customers. Zack Ltd calculated the fair value of this liability to be $8,000, even though William Ltd had not recorded any liability. The following events occurred in the year ending 30 June 2019. On 12 August 2018 William Ltd paid the dividend that existed at 1 July 2018. On 1 December 2018 William Ltd transferred $17 000 from the general reserve existing at 1 July 2018 to retained earnings. On 1 January 2019 William Ltd made a call of 10c per share on its issued shares. William Ltd had 100 000 shares on issue. All call money was received by 31 January 2019. On 29 June 2019 William Ltd reassessed the liability in relation to the court case as the chances of winning the case had improved. The fair value was now considered to be $2,000.

Required Prepare the consolidation worksheet entries for the preparation by Zack Ltd of its consolidated financial statements at 30 June 2019.