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Question 3 (6 Marks) Please consolidation adjusting entries for the following transactions. a. Joey Ltd owns all of the share capital of Chandler Ltd. The

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Question 3 (6 Marks) Please consolidation adjusting entries for the following transactions. a. Joey Ltd owns all of the share capital of Chandler Ltd. The income tax rate is 30%. The following transactions took place during the periods ended 30 June 2023. In February 2023, Chandler Ltd sells inventories to Joey Ltd for $66 000 in cash (original cost to Chandler Ltd was $48 000) and half are on-sold externally by 30 June 2023 b. Darcy Ltd owns all the share capital of Isabella Ltd. The following intragroup transactions took place during the periods ended 30 June 2023. Isabella Ltd paid $40 000 during the period ended 30 June 2023 as management fees for services provided by Darcy Ltd. c. Crank Ltd. the wholly owned subsidiary of Gears Ltd. declared final dividend of $8,000 out of post-control profits. Doo 20C

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