On 30 June 2016, Harrison Ltd gained control of Watts Ltd by purchasing all its share capital for $290000. The purchase was based on the fair values of Watts Ltd's net assets. On 30 June 2016, the fair values of the following assets of Watts Ltd differed from their carrying amounts: Additional information: - The group applies the revaluation model to land and machinery. Watts Ltd applied the cost model to land and machine at the control date and continued to do so until 30 June 2017. The fair value of the land (listed above) was estimated at \$200 000 on 30 June 2017. - As at 30 June 2016, the machine (listed above) had a further 3 years' useful life. Both the group and Watts Ltd apply straight-line depreciation to machinery. - Harrison Ltd invoiced Watts Ltd $9500 for accounting services provided on 20 June 2017. Watts Ltd has not yet recognized the service expense or paid for the $9500 fees. - Watts Ltd shipped inventory goods to Harrison Ltd invoiced at \$2 000 in June 2017. As at 30 June 2017, Harrison Ltd has not yet received these goods or recorded them. REQUIRED Complete the worksheet for 30 June 2017 (on next page) showing the required data adjustments. Consolidation worksheet as at 30 June 2017 On 30 June 2016, Harrison Ltd gained control of Watts Ltd by purchasing all its share capital for $290000. The purchase was based on the fair values of Watts Ltd's net assets. On 30 June 2016, the fair values of the following assets of Watts Ltd differed from their carrying amounts: Additional information: - The group applies the revaluation model to land and machinery. Watts Ltd applied the cost model to land and machine at the control date and continued to do so until 30 June 2017. The fair value of the land (listed above) was estimated at \$200 000 on 30 June 2017. - As at 30 June 2016, the machine (listed above) had a further 3 years' useful life. Both the group and Watts Ltd apply straight-line depreciation to machinery. - Harrison Ltd invoiced Watts Ltd $9500 for accounting services provided on 20 June 2017. Watts Ltd has not yet recognized the service expense or paid for the $9500 fees. - Watts Ltd shipped inventory goods to Harrison Ltd invoiced at \$2 000 in June 2017. As at 30 June 2017, Harrison Ltd has not yet received these goods or recorded them. REQUIRED Complete the worksheet for 30 June 2017 (on next page) showing the required data adjustments. Consolidation worksheet as at 30 June 2017