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Please add additional columns adjustments (debit, credit) and Groupnext to the original worksheet, please follow the format as attached, thanks and stay safe! QUESTION

Please add additional columns adjustments (debit, credit) and " Group"next to the original worksheet, please follow the format as attached, thanks and stay safe!

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QUESTION 3 On 1 July 2019, Vera Lid acquired all the issued shares (Ex div.) of Lymm Lid for $100 000. At this date Lynn Lid recorded a dividend payable of $10 000 and equity of: Lynn Led recorded all the identifiable assets and lichilities at amounts equal to their fair values at acquisition cate except for. The machinery was considered to have a further 5-year life. 90%% of the inventory was sold by 30 June 2020. The remainder was sold by 30 June 2021. Both Vera Lid and Lynn Lid use the valuation method to measure the land. At 1 July 2019, the balance of Vera joyasset revaluation surplus was $13 500. In May 2020, Lynn Lid transferred $1 000 from the retained earnings at I July 2019 to a general reserve. The tax rate is 30%% The following information was provided by the ten companies at 30 June 2020. Vera Ted Nocumalated depreciation - Plant & machinery L Required A Prepare the acquisition analysis and BIOVR entries of Vera Lid at I July 2019 Prepare the consolidation worksheet entries at 30 June 2020. (10 marks) B. Complete the consolidation worksheet at 30 June 2020. (Suggested template below) (10 marks) (10 marks) Vera Lid Consolidation Worksheet at 30 June 2020 Group ofit Retained earnings (30 6 20) Aseat mevaluation surplus ( 1/drug Aseat mevaluation surplus (206 20) hmmmmmner

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