On 30 June 2019, Charles Ltd gained control of Darwin Ltd by purchasing all its share capital. On the control date, the fair values of Darwin Ltd's following assets differed from their carrying amounts: Carrying amount ($) Fair value ($) Accounts receivable 6 700 7 700 Inventory 80 000 84 000 Building (cost $240 000, with nil residual value) 210 000 200 000 Also, Darwin Ltd in its own financial statements at 30 June 2019 disclosed a contingent liability relating to guarantees for loans. Charles Ltd determined that this liability had a fair value of $9,000. Additional information: None of the above inventory was sold to external parties in the year ended 30 June 2020. The above building had a further 4 years' useful life at 30 June 2019. Darwin Ltd applied the cost model to buildings and continued to do so after the control date. However, for group/consolidation purposes, revaluation to fair value is the model applied. The group and Darwin Ltd both apply straight-line depreciation to buildings. REQUIRED Prepare journal entries for the required consolidation data adjustments on 30 June 2020. (8 marks) Reminder: For each entry, please label Dr and Cr sides clearly (otherwise no marks). No marks will be awarded for workings/calculations. Narrations are not required for the entries. Please do not create unnecessary space in your answer, as there is a 40-line limit in the answer space.