Question 2: Consolidations 2 (18 marks) Adam Ltd owns all of the share capital of Getty Ltd. The income tax rate is 30%. The following transactions took place during the periods ended 30 June 2019 or 30 June 2020. (a) In January 2020, Adam Ltd sells inventories to Getty Ltd for $10 000 in cash. These inventories had previously cost Adam Ltd $5 000, and remain unsold by Getty Ltd at the end of the period. (b) In February 2020, Adam Ltd sells inventories to Getty Ltd for $18 000 in cash. These inventories had previously cost Adam Ltd $10 000, and are on-sold externally on 2 April 2020. (c) In February 2020, Getty Ltd sells inventories to Adam Ltd for $20 000 in cash (original cost to Getty Ltd was $15 000) and half are on-sold externally by 30 June 2020. (d) In March 2020, Adam Ltd sold inventories for $1 000 to Zara Ltd, an external entity. These inventories were transferred from Getty Ltd on 1 June 2019. The inventories had originally cost Getty Ltd $600, and were sold to Adam Ltd for S1 200. (e) In June 2020, Getty Ltd sells inventories to Adam Ltd for $12 000 in cash. These inventories had previously cost Getty Ltd $6 000, and are on-sold externally on 30 June 2020 for $15 000 Required In relation to the above intragroup transactions, prepare adjusting journal entries for the consolidation worksheet at 30 June 2020. Only the adjusting entries need be shown. Narrations are not required. Journal for the answer to Question 2 - expand the table if needed to contain your answer. Date Account Dr Cr