Please find the attached question and provide the answers please

H Ltd purchased 100% of the outstanding ordinary shares of S Lid on 31 December, 2018 at a cost of $196,000. At that date the Share Capital of S Ltd was $50,000. The Retained Profits were $86,000. Payment was made in cash $196,900. The fair market value of the fixed assets of S Ltd. was $160,000, the cost was $140,000 and the accumulated depreciation was $40,000. Other assets in the accounts of S Lid had a fair value equal to the carrying amount. Fixed Assets in both companies are depreciated over 10 years' straight line. Required: Complete the consolidation worksheet at 31 December, 2019. Assets are to be revalued in the accounts of the group, not in the subsidiary. Goodwill is not impaired. The rate of taxation is 30%. Consolidation worksheet for 31 December 2019 Group H Ltd S Ltd Dr Ref Cr 100 000 cr Sales 300 000 cr 40 000 dr Cost of Sales 200 000 dr General Expenses 50 000 dr 20 000 dr Depreciation 30 000 dr 14 000 dr Tax Expense 6 000 di 7 800 dr Dividend Income 5 000 cr Dividend Accrued/Expensed 10 000 dr 5 000 dr Retained Profits for the year 2019 $9 000 cr $13 200 cr Fixed Assets 300 000 dr 140 000 dr Accumulated Depreciation 130 000 cr 54 000 cr Investment in S Ltd 96 000 dr Goodwill Inventory 55 000 dr 20 000 dr Current Assets 6 000 dr Account Receivable - S Ltd. 25 000 dr Dividend Receivable 5 000 dr Cash 54 000 dr 67 200 dr Account Payable - H Ltd. $505 000 $179 200 Deferred Tax Liability 25 000 cr Dividend Payable Share Capital 10 000 cr 5 000 cr Asset Revaluation Reserve 100 000 cr 50 000 cr Opening Retained Profits (1 Jan. 2019) Retained Profits for the year 2019 386 000 cr 86 000 cr 9 000 cr $505 000 13 200 er $179 200 6