On 1 July 2019 Senses Ltd acquired 90% of the shares of Glider Ltd for $435 240. At this date the equity of Glider Ltd consisted of share capital of $300 000 and retained earnings of $120 000. All the identifiable asset and liabilities of Glider Ltd were recorded at amounts equal to fair value except for:

Carrying amount

Fair Value

Land

80000

100000

Plant (Cost 380000)

300000

330000

Inventories

15000

18000

The plant was considered to have a further 10-year life. All the inventory was sold by 30 June 2020. The tax rate is 30%. Senses Ltd uses the partial goodwill method.

During the 2019-20 period Glider Ltd recorded a profit of $30 000.

Required

Prepare the consolidation worksheet entries for the preparation of the consolidated financial statements of Senses Ltd at 30 June 2020.