please answer

On 1 July 2019, KFC Ltd purchased 45% of the shares of Pollion Ltd at a cost of $280,000. KFC Ltd does not control Pollion Ltd but does have significant influence. The carrying amounts of Pollion Ltd's net assets (at fair value) at date of acquisition were as follows:

Equity1/7/2019Share capital470,000Asset Revaluation Surplus35,000Retained earnings90,000The following information relates to Pollion Ltd for 30/6/20 and 30/6/21:

30/6/2030/6/21Profit/loss after tax165,000202,000Dividend declared-36,000Asset Revaluation Surplus35,00049,000Profit/loss after tax has been calculated including the following information. The tax rate is 30%.

• During the year ended 30 June 2021, Pollion Ltd sold inventory to KFC Ltd for $16,000. The cost of this inventory to Pollion Ltd was $7,500. The inventory is still on hand at the end of the year.
• On 1 January 2021, KFC Ltd sold Pollion Ltd an item of plant for $48,000. The plant had originally cost KFC Ltd $60,000 and had a carrying amount of $30,000 at the time of sale to Pollion Ltd. Both companies depreciate plant at the rate of 15% per annum on cost.

Required:

Prepare the journal entries required by KFC Ltd relating to its Investment in Pollion Ltd and subsequent transactions for the period from 1 July 2019 to 30 June 2021. WFC Ltdis a parent entity.