Topic: Consolidated worksheet, consolidated financial statements. Task Details: Consolidation worksheet entries, consolidated financial statements. Jonathan Ltd acquired all the issued shares (ex-div.) of Thomas Ltd on 1 July 2020 for $246000. At this date the equity of Thomas Ltd consisted of: At the acquisition date all the identifiable assets and liablities of Thomas Ltd consisted of: The inventories were all sold by 30 June 2020 . The land was sold on 1 February 2021 for $150000. The plant was considered to have a further 5 -year life. The plant was sold for $155000 on 1 January 2022. Also, at acquisition date Thomas Ltd had recorded a dividend payable of $7000 and goodwill (net of accumulated impairment losses of $13000 ) of $5000. Thomas Ltd had not recorded some internally generated brands that Jonathan Ltd considered to have a fair value of $12000. The brand was considered to have an indefinite life. Also, not recorded by Thomas Ltd was a contingent liability relating to a current court case in which Thomas Lid was involved and a supplier was seeking compensation. Jonathan Ltd placed a fair value of $15000 on this liability. This court case was settled in May 2022 at which time Thomas Ltd was required to pay damages of $16000. In February 2021. Thomas Lid transferred $20000 from the general reserve on hand at 1 July 2020 to retained earnings. A further $15000 was transferred in February 2022. Both companies have an equity account entitled 'Other components of equity' to which certain gains and losses from financial assets are taken. At 1 July 2021 , the balances of these accounts were $30000 (Jonathan Lid) and $15000 (Thomas Ltd). The financial statements of the two companies on 30 June 2022 contained the following information: 1. Calculate acquisition analysis 2. Prepare the consolidation journal entries for 30 June 2022 3. Complete the consolidated worksheet 4. Prepare the consolidated financial statements at 30 June 2022