Rosa Ltd acquired 75% of the share capital of Prada Ltd on 1 July 2022 for a price of $315 000. As at the date of acquisition all assets of Prada Ltd were fairly valued except for an item of land whose carrying amount is $30 000 less than its fair value. The recorded balances of equity in Prada Ltd as of 1 July 2022 were:

$

Share capital 295 100

Retained earnings 85 100

Additional information

• The management of Rosa Ltd values any non-controlling interest at the proportionate share of Prada Ltd.’s identifiable net assets
• Prada Ltd had a profit after tax of $45 000 for the year ended 30 June 2023
• During the financial year to 30 June 2023, Prada Ltd sold inventory to Rosa Ltd for a price of $80 000. The inventory cost Prada Ltd $55 000 to produce and 20% of this inventory was still on hand with Rosa Ltd as at 30 June 2023
• During the year Prada Ltd paid $15 000 management fees to Rosa Ltd
• On 1 July 2022 Prada Ltd sold an item of plant to Rosa Ltd for $30 000 when it had a carrying amount of $17 000 (cost of $27 000, accumulated depreciation of $10 000). At the date of sale, it was expected that the plant had a remaining useful life of five years, and no residual value.
• The tax rate is 30%

Required:

Prepare the consolidated adjustments for year ended 30 June 2023 and, based on the information provided above, calculate the non-controlling in the 2023 profit.