Silky Ltd owns all the shares of Garoo Ltd. In relation to the following intragroup transactions, all parts of which are independent unless specified, prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2019. Assume an income tax rate of 30%.

A.In April 2019, Silky Ltd sells inventory to Garoo Ltd for $13 000. This inventory had previously cost Silky Ltd $8500, and it remains unsold by Garoo Ltd at the end of the period.

B.All the inventory in (a) is sold to Cockatoo Ltd, an external party, for $16 500 on 19 June 2019.

C.Half the inventory in (a) is sold to Galah Ltd, an external party, for $7200 on 20 June 2019. The remainder is still unsold at the end of the period.

D.Silky Ltd, in January 2019, sold inventory for $8000. This inventory had been sold to it by Garoo Ltd in the previous year. It had originally cost Garoo Ltd $4800, and was sold to Silky Ltd for $9600.