P Ltd acquired 60% of S Ltd on 1 January 2020. S Ltd had since purchased all its inventories from P Ltd at cost price plus 20%. The inventories on hand in the records of S Ltd were as follows: 31 December 2021 N$20,000 31 December 2022 N$25,000 Total sales of inventories from P Ltd to S Ltd for the 2022 financial year amounted to N$150,000. Required: Prepare the consolidated journal entries for the 31 December 2022 financial year