Question 1 Molly Ltd bought 100% of the shares in Sam Ltd on 1 July 2020. Molly Ltd sold inventories to Sam Ltd on 1 May 2024 for $23,000 cash. Molly originally purchased the inventory for $14,000. Sam Ltd then sold 70% of the inventory to an external party for $21,000 on 1 June 2024. Tax rate is 30%. What is the consolidated worksheet entry prepared at 30 June 2024. Show working out Question 2 Holden Ltd bought 100% of the share of Tom Ltd on 1 July 2021. Holden sold inventories to Tom Ltd on 1 May 2024 for $19,000 cash. The inventory had cost Holden Ltd $13,000 originally. Tom Ltd then sold ALL of the inventory to an external party for $28,000 on 1 June 2024. Tax rate is 30%. What is the consolidated worksheet entry prepared at 30 June 2025? Show working out Question 3 Jimmy Ltd sold inventories during current period to wholly owned subsidiary Barnes Ltd for $16,000 These had cost Jimmy Ltd $13,000. Barnes Ltd then sold half of the inventory to an external entity for $9,000 in the same period. The income tax rate is 30%. What is the consolidated worksheet entry prepared ? Show working out