Robin Ltd owns all of the share capital of Hood Ltd. The income tax rate is 30%. The following transactions took place during the periods ended 30 June 2020 or 30 June 2021.

(a) In January 2021, Robin Ltd sells inventories to Hood Ltd for $22 000 in cash. These inventories had previously cost Robin Ltd $12 000, and remain unsold by Hood Ltd at the end of the period.

(b) In February 2021, Robin Ltd sells inventories to Hood Ltd for $11 000 in cash. These inventories had previously cost Robin Ltd $8 000, and are on-sold externally on 2 April 2021.

(c) In February 2021, Hood Ltd sells inventories to Robin Ltd for $23 000 in cash (original cost to Hood Ltd was $16 000) and half are on-sold externally by 30 June 2021.

(d) In March 2021, Robin Ltd sold inventories for $15 000 to Zara Ltd, an external entity. These inventories were transferred from Hood Ltd on 1 June 2020. The inventories had originally cost Hood Ltd $4000, and were sold to Robin Ltd for $11 000.

(e) In June 2021, Hood Ltd sells inventories to Robin Ltd for $12 000 in cash. These inventories had previously cost Hood Ltd $6 000, and are on-sold externally on 30 June 2021 for $17 000.

Required

In relation to the above intragroup transactions, prepare adjusting journal entries for the consolidation worksheet at 30 June 2021. Only the adjusting entries need be shown. Narrations are not required.