The parent, in January $2023,$ sold inventory for $$9000.$ This inventory had been sold to it by the subsidiary in

the previous year. It had originally cost the subsidiary $$6400,$ and was sold to the parent for $$11400.$

Assume an income tax rate of $30\%.$ Prepare the consolidation worksheet adjusting entries for preparation of

the consolidated financial statements as at $30$ June $2023$

Answer: