On 30 June 2019, Ryan Ltd gained control of Reynolds Ltd by purchasing all its share capital. On the control date, the fair values of Reynolds Ltd's following assets differed from their carrying amounts: Carrying amount ($) Fair value ($) Accounts receivable 100 000 80 000 Vehicle (cost=$290 000, residual value=$10 000) 250 000 220 000 Land 370 000 400 000 Additional information: . Reynolds Ltd applied the cost model to vehicles and continued to do so after the control date. The group and Reynolds Ltd both apply straight-line depreciation to vehicles. The above vehicle had a further 6 years' useful life at 30 June 2019. In the year ended 30 June 2020, the above land was sold to an external organization for $450,000. In May 2020, Reynolds Ltd performed IT services for Ryan Ltd and recorded a revenue of $9,000. As at 30 June 2020, Ryan Ltd has not recognized the transaction in its own accounting records or paid for the services. REQUIRED Prepare journal entries for the required consolidation data adjustments on 30 June 2020. (8 marks)