Prepare Consolidation entry

Normanhurst Ltd is a wholly owned subsidiary of Beecroft Ltd. The transactions for the period ending 30 June 2020 are shown below: Transactions: I. During the accounting period. Normanhurst Ltd paid management fees of $26 000 to Beecrof't Ltd. (1 marks) 2. Normanhurst declared dividend of $1] {100 but not paid yet. (2 marks) 3. Beecroit Ltd sold inventor},r to Normanhurst Ltd for $30 000 during the period. This inventory had originally cost Beecro Ltd $50 000. Normanhurst Ltd sold id of this inventory during the period to parties external to the group for $90 GUI}. The remaining '54 is still held by Normanhurst Ltd at the end of the period. The tax rate is assumed to be 30%