Part I (8 marks) Big Ltd owns all the share capital of Small Ltd. The following transactions relate to the financial year ended 30 June 2021. On 1 January 2021, Small Ltd sold inventory costing $35,000 to Big Ltd for $55,000. Half of this inventory was still on hand at 30 June 2021. On 1 July 2020, Big Ltd sold plant to Small Ltd for $6,000 when it's carrying value in Big Ltd.'s books was $ 7,000 (cost $10,000, accumulated depreciation $3,000). The plant was assessed as having a remaining useful life of five years from the date of sale. On 15 December 2020, Small Ltd paid consulting fees of $25,000 to Big Ltd. The company tax rate is 30%. Requirement: Prepare the consolidation journal entries 2021. [Narrations are NOT required). for the financial year ended 30 June Date Account Debit Credit