Sea Ltd is a wholly owned subsidiary of Change Ltd. The rate of company income tax is 30%. During the year ended 30 June 2023 the accounts revealed: i. Sea Ltd paid management fees of $30,000 to Change Ltd. ii. Change Ltd sold inventory for $35,000 to parties external to the group. Sea Ltd had previously sold this inventory to Change Ltd for $30,000. The inventory had cost Sea Ltd $20,000. iii. Change Ltd sold inventory to Sea Ltd for $80,000. This inventory had cost Change Ltd$40,000. Sea Ltd sold three-quarters of this inventory to parties external to the group. iv. On 1 July 2022, Sea Ltd sold machinery to Change Ltd for $300,000. The machinery was originally purchased by Sea Ltd on 1 July 2018. The carrying amount of the machinery at the time of sale was $240,000 (cost $400,000, accumulated depreciation $160,000 ). The machinery is assessed as having a remaining useful life of 5 years from the date of sale. Straight-line depreciation is used. The tax rate is 30% Required Part A: repare the consolidation elimination journal entries required for the above intraroup transactions. Show workings and calculations