Q4 On 1st July 2021 Jensen Lid acquired 80% of the issued shares of Interceptor Ltd for $315,200. The equity of Interceptor Ltd at that date comprised: Share capital (250,000 ordinary shares) $250,000 Retained earnings 49,375 General reserve 100,000 The assets and liabilities of Interceptor Ltd were all valued at fair value except for: Carrying Fair amount value Land $230,000 $250,000 Machinery (cost $187,500) 125,000 150,000 Inventory 81,250 100,000 Additional information The machinery, which a remaining life of 5 years, was sold on 1st July 2022 for $175,000. All the inventory held at 1st July 2021 was sold in the year after acquisition. All valuation adjustments were made by consolidation worksheet journal entries. Interceptor Ltd had the following transactions during the years to 30th June 2022 and 30th June 2023.Interceptor Ltd had the following transactions during the years to 30th June 2022 and 30th June 2023. 2022 January 17 Paid an interim dividend $10,000. $5,000 being funded out of pre-acquisition profits. April Sold inventory to Jensen Ltd with a sale price of $62,500 at a pre-tax profit of 1 $12,500. June 23 Declared a final dividend of $18,750. 30 Half of the inventory sold to Jensen Lid on April 1st was still on hand. 30 Profit for the year amounted to $162,500. August 12 Paid the final dividend declared in June. 2023 January Sold equipment costing $25,000 to Jensen Ltd for $37,500. This attracts a 1 straight-line depreciation rate of 20%. 17 Paid an interim dividend $20,000 June 23 Transferred $25,000 from the general reserve balance at 1s July 2021 to retained earnings 30 Profit for the year amounted to $187,500. It is group policy to account for dividends upon declaration. Assume a tax rate of 30%. Required Prepare the adjusting consolidation worksheet journal entries for the years ended 30th June 2022 and 30th