The following three entities make up an economic group as follows:

Apple Ltd purchased 60% of the shares totalling $65,000 in Banana Ltd and Banana Ltd wholly owns Cherry Ltd which was purchased for $52,000. Both investments were acquired on 1 July 2018. On this date, shareholders’ equity was valued at:

	Banana Ltd	Cherry Ltd
Share capital	75,000	20,000
General reserve	10,000	1,000
Retained earnings	16,000	4,500

The financial statements of the entities within the group at 30 June 2020 are as follows:

Apple Ltd:

Total assets	295,000
Total liabilities	126,000
Share capital	100,000
General reserve	30,000
Retained earnings	39,000

Banana Ltd:

Debentures in Cherry Ltd	20,000
Total assets	147,000
Total liabilities	17,750
Share capital	75,000
General reserve	16,250
Retained earnings	38,000

Cherry Ltd:

Total assets	66,500
Debentures	25,000
Total liabilities	30,250
Share capital	20,000
General reserve	2,250
Retained earnings	14,000

The tax rate is 30%. All non-controlling interest are valued at the proportionate share of the acquiree’s identifiable net assets. Inventory on hand at 30 June 2020 included goods obtained from within the group as follows:

-Apple Ltd purchased from Banana Ltd, sale price was $10,000 and cost $7,500.

-Apple Ltd purchased from Cherry Ltd, sale price was $20,000 and cost $18,500.

-Banana Ltd purchased from Cherry Ltd, sale price was $15,000 and cost $13,800.

The directors had applied the impairment test for goodwill annually and determined that a write-down of $3,090 is required for consolidation purposes at 30 June 2020 (write-down of goodwill in Banana Ltd is $440 and write-down of goodwill in Cherry Ltd is $2,650) with the same amounts deemed to be attributable for the prior period. All debentures (including the debenture from Cherry Ltd to Banana Ltd) is due 30 June 2030.

Required:

In the space provided - show goodwill entries, intragroup transactions and calculate direct and indirect non-controlling interest.