On 1 July 2020 Salmon Ltd acquired a 25% interest in Bach Ltd for a consideration of $100,740. At that date the equity of Bach Ltd consisted of:

All assets and liabilities of Bach Ltd are recorded at fair value with the exception of inventory which was held at $6,900 below its fair value. The entire inventory was sold during the 2020-2021 financial year. The following amounts represent the profit/(loss), dividends paid and asset revaluation surplus (ARS) balance by Bach Ltd since acquisition:

On 1 January 2021, Bach Ltd sold an item of the machine to Salmon Ltd for $24,840. The machine had a cost of $41,400 and a carrying amount of $16,560 at the date of transfer. The machine was estimated to have a further 4 years of useful life at the time of sale. Both companies use the straight-line method of depreciation. The tax rate is 30%. Required: a) Prepare the equity journals on 30 June 2022 to account for the investment in Bach Ltd in accordance with AASB 128, assuming Salmon Ltd does not prepare consolidated financial statements. show all workings