The plant and equipment is expected to have a further 4-year life and is depreciared on a straight-line basis. The inventory was all sold by 30 June 2017. Finn Ltd had expensed all the outlays on research and development. Erik Ltd placed a fair value of $12 000 on this asset. Finn Ltd also had reported a contingent liability at 30 June 2015 in relation to claims by customers for damaged goods. Erik Ltd placed a fair value of $3 000 on these claims. The research and development is amortised evenly over a 10-year period. The claims by customers were settled in May 2017 for $2 800. The company tax rate is 30%. Required 3) Prepare the consolidation worksheet entries of Erik Ltd at 1 July 2016, immediately after the business oombination. (20 marks) b) Prepare the consolidation worksheet entries at 30 June 2017. (10 marks)