The above plant and equipment had a further 4-year life and was expected to be used evenly over that time. During the year ended 30 June 2017, all inventories on hand at 1 July 2016 were sold. During the year ended 30 June 2017, Khan Ltd had transferred $10,000 to General Reserve from pre-acquisition retained earnings. On 1 January 2020, Khan Ltd sold a motor vehicle to Pataudi Ltd for a before-tax profit of $60,000. This motor vehicle was carried at $225,000 (original cost $300,000) in the books of Khan Ltd at the time of sale. Depreciation on this type of motor vehicle is calculated using a 25% p.a. straight-line method. During the 2019-20 period, Khan Ltd sold inventory to Pataudi Ltd costing $140,000 at a markup of 25%. At 30 June 2020, 30% of these inventories were still held by Pataudi Ltd. Khan Ltd paid dividends of $90,000 for the period ended 30 June 2020, Phan Ltd has $100,000 General Reserve balances on 30 June 2020 and Pataubi Ltd had $250,000 General Reserve balances on 30 June 2020. Financial information for the year ended 30 June 2020 includes the following: Pataudi Ltd $800,000 72.000 Khan Ltd S680.000 Sales revenue Dividend revenue Gain on sale of motor vehicle 60,000 Pataudi Ltd $800,000 72.000 Khan Ltd S680,000 80.000 952.000 320.000 60,000 50.000 790,000 180.000 Sales revenue Dividend revenue Gain on sale of motor vehicle Other revenue Total revenue Cost of sales Other expenses Selling and administrative expenses (including depreciation) Financial expenses Total expenses Profit before tax Income tax expense Profit after tax Retained earnings 1 July 2019 180,000 60,000 500.000 452,000 (90,000) 362.000 510.000 872.000 (100,000) 772,000 240.000 550,000 (110,000) 440,000 300,000 740,000 (90.000) 650,000 Dividends paid Retained earnings 30 June 2020 Q8.1 4 Points For the year ended 30 June 2020. complete the Consolidation Worksheet Journal entries related to PRE-AQUISITION ENTIRES. When recording the Consolidation worksheet journal entries Non-controlling interest (NCI) NEEDS TO BE INCLUDED WHERE APPROPRIATE. Please select files) Select flies) 28.2 3 Points For the year ended 30 June 2020, complete the Consolidation Worksheet Journal entries related to NCI CURRENT PERIOD. Please select filets) Select file(s) Q8.3 11 Points For the year ended 30 June 2020, complete the Consolidation Worksheet Journal entries related to INTRAGROUP TRANSACTIONS. When recording the Consolidation worksheet journal entries Non-controlling interest (NCI) NEEDS TO BE INCLUDED WHERE APPROPRIATE. Please select filets) Select file(s) Q8.4 2 Points For the year ended 30 June 2020, complete the Consolidation Worksheet Journal entries related to INTRAGROUP TRANSACTIONS. When recording the Consolidation worksheet journal entries Non-controlling interest (NCI) NEEDS TO BE INCLUDED WHERE APPROPRIATE. Please select file(s) Select filets) Q8.4 2 Points What is the General Reserve balance in the Consolidated Financial Statements as at 30 June 2020? Show your working. The above plant and equipment had a further 4-year life and was expected to be used evenly over that time. During the year ended 30 June 2017, all inventories on hand at 1 July 2016 were sold. During the year ended 30 June 2017, Khan Ltd had transferred $10,000 to General Reserve from pre-acquisition retained earnings. On 1 January 2020, Khan Ltd sold a motor vehicle to Pataudi Ltd for a before-tax profit of $60,000. This motor vehicle was carried at $225,000 (original cost $300,000) in the books of Khan Ltd at the time of sale. Depreciation on this type of motor vehicle is calculated using a 25% p.a. straight-line method. During the 2019-20 period, Khan Ltd sold inventory to Pataudi Ltd costing $140,000 at a markup of 25%. At 30 June 2020, 30% of these inventories were still held by Pataudi Ltd. Khan Ltd paid dividends of $90,000 for the period ended 30 June 2020, Phan Ltd has $100,000 General Reserve balances on 30 June 2020 and Pataubi Ltd had $250,000 General Reserve balances on 30 June 2020. Financial information for the year ended 30 June 2020 includes the following: Pataudi Ltd $800,000 72.000 Khan Ltd S680.000 Sales revenue Dividend revenue Gain on sale of motor vehicle 60,000 Pataudi Ltd $800,000 72.000 Khan Ltd S680,000 80.000 952.000 320.000 60,000 50.000 790,000 180.000 Sales revenue Dividend revenue Gain on sale of motor vehicle Other revenue Total revenue Cost of sales Other expenses Selling and administrative expenses (including depreciation) Financial expenses Total expenses Profit before tax Income tax expense Profit after tax Retained earnings 1 July 2019 180,000 60,000 500.000 452,000 (90,000) 362.000 510.000 872.000 (100,000) 772,000 240.000 550,000 (110,000) 440,000 300,000 740,000 (90.000) 650,000 Dividends paid Retained earnings 30 June 2020 Q8.1 4 Points For the year ended 30 June 2020. complete the Consolidation Worksheet Journal entries related to PRE-AQUISITION ENTIRES. When recording the Consolidation worksheet journal entries Non-controlling interest (NCI) NEEDS TO BE INCLUDED WHERE APPROPRIATE. Please select files) Select flies) 28.2 3 Points For the year ended 30 June 2020, complete the Consolidation Worksheet Journal entries related to NCI CURRENT PERIOD. Please select filets) Select file(s) Q8.3 11 Points For the year ended 30 June 2020, complete the Consolidation Worksheet Journal entries related to INTRAGROUP TRANSACTIONS. When recording the Consolidation worksheet journal entries Non-controlling interest (NCI) NEEDS TO BE INCLUDED WHERE APPROPRIATE. Please select filets) Select file(s) Q8.4 2 Points For the year ended 30 June 2020, complete the Consolidation Worksheet Journal entries related to INTRAGROUP TRANSACTIONS. When recording the Consolidation worksheet journal entries Non-controlling interest (NCI) NEEDS TO BE INCLUDED WHERE APPROPRIATE. Please select file(s) Select filets) Q8.4 2 Points What is the General Reserve balance in the Consolidated Financial Statements as at 30 June 2020? Show your working