Part A Ancient Ltd acquired 90% of the issued capital of Haddix Ltd on 1 July 2019. At acquisition date Haddix Ltd's accounting records included the following balances: Share Capital $275,000, General Reserve $96,000, and Retained Earnings $309,000. All identifiable assets and liabilities of Haddix Ltd are recorded at fair value and Ancient Ltd uses the partial goodwill method. The balance of retained earnings at 1 July 2020 is $365,000 and Haddix Ltd makes a profit after tax of $106,000 in the year ended 30 June 2021. The tax rate is 30%. Required: Prepare the NCI journal entries for the consolidation worksheet at 30 June 2021 demonstrating the step approach. Note: The acquisition analysis and parents journal entries are not required. (8 marks) Part B Ancient Ltd acquired 90% of the issued capital of Haddix Ltd on 1 July 2019. The following transaction took place during the periods following. 1. On 1 January 2021, Haddix Ltd sold machinery to Ancient Ltd for $150,000 (carrying amount $80,000). Ancient Ltd depreciates plant on a straight-line basis over a five-year period. Required: Prepare adjusting journal entries for the consolidation worksheet at 30 June 2021. The tax rate is 30%. Note: NCI allocation journals are required if necessary. (12 marks)