On 1 July 2020 S Ltd acquired 60% of the issued shares of P Ltd. During the year ended 30 June 2021 the following intra group transactions occurred: a) Sales of inventory: P Ltd to S Ltd $200,000 (Cost to P Ltd $150,000) b) Intragroup inventory on hand 30 June 2021: S Ltd held 40% of the inventory acquired from P Ltd c) Intragroup sale of equipment An item of equipment originally acquired by S Ltd on 1 July 2018 at a cost of $200,000 was sold to P Ltd on 1 July 2020 for $170,000. S Ltd had depreciated this asset at 10% per annum on a straight line basis with no scrap value. Subsequent to the sale the expected useful life of the asset is a further 4 years. d) During the year ended 30 June 2021 the following dividends were paid: - S Ltd $10,000 - P Ltd $2,000 e) On 31 December 2020 S Ltd lent P Ltd $100,000. Interest on this loan at 6% was paid up to 30 June 2021. f) During the year ended 30 June 2021 P Ltd paid S Ltd $4,000 for management services. Required. Prepare the consolidation journal entries required to eliminate the above intragroup transactions for the year ended 30 June 2021. Assume a tax rate of 30%