Question 5 (8 marks) Soda Ltd owns all of the share capital of Lone Ltd. The income tax rate is 30%, and all income on sale of assets is taxable and expenses are deductible. The following transactions are independent, unless otherwise specified. (1) In January 2022, Soda Ltd sold inventories to Lone Ltd for $1,500 in cash. These inventories had previously cost Soda Ltd $1,000, and remain unsold by Lone Ltd at the end of the period. (2) All the inventories in (1) above are sold to Goose Ltd, an external entity, for $2,000 on 2 March 2022 (3) On 30 June 2022, Lone purchased a machine from Soda for $18,500. The machine cost Soda Ltd $20,000 to purchase 1 year ago (30 June 2021). Lone Ltd depreciates the machine at 6% per year. Soda Ltd depreciated the machine at 10% per year. Required Prepare adjusting entries for the intra-group transactions at 30 June 2022 (8 marks)