Sydney Ltd acquired 90% of the shares (cum div.) of Tasmania Ltd on 1 July 2018 for $470 000. At this date, the equity of Tasmania Ltd consisted of:

Share capital	$ 240 000
Asset revaluation surplus	60 000
Retained earnings	160 000

At acquisition date all the identifiable assets and liabilities of Tasmania Ltd were recorded at amounts equal to fair value. Tasmania Ltd had recorded a dividend payable of $20 000, which was paid in August 2018, and goodwill of $12 000.

At 30 June 2019, the equity of Tasmania Ltd consisted of:

Share capital	$ 240 000
Asset revaluation surplus	80 000
Retained earnings	220 000

During the 201920-year Tasmania Ltd recorded a profit of $100 000.

Required

Prepare the consolidated worksheet entries at 30 June 2020 for Sydney Ltd using the partial goodwill method.