This is all the information supplied Required: Provide the pro forma journal entries to prepare the Consolidated Financial Statements of the Whale Limited group for the year ended 31 December 2021. (22 MARKS)

QUESTION 2 (55 marks) You are presented with the following trial balances for Whale Limited and Shark Limited as at 31 December 2021: Additional information: - Whale Limited purchased 80\% of the shares in Shark Limited on 1 July 2021. - At the acquisition date, Whale Limited considered the carrying amount of the identifiable net assets of Shark Limited to be equal to their acquisition fair values. - On 1 July 2021, Shark Limited's trial balance showed a profit before tax of R122 450 and an income tax expense of R31 740 . - Whale Limited measured the non-controlling interest at its at acquisition date fair value of R180000. - Whale Limited measures its investment in Shark Limited at cost price