Wholesome Foods Ltd is a JSE$-$listed company that operates in the hospitality industry. Wholesome Foods Ltd has a $31$ December financial year$-$end.Wholesome Foods Ltd purchased a $55\%$ shareholding in Deli Healthy Eatery Ltd on $1$ January $2023$ giving it the opportunity to expand the companys footprint in the vegan and plant$-$based market.From $1$ January $2023,$ Wholesome Foods Ltd is exposed to variable returns from its involvement with Deli Health Eatery Ltd and has the ability to affect those returns through its controlling interest in Deli Health Eatery Ltd$.$ The acquisition of Deli Health Eatery Ltd also meets the definition of acquiring a business, as defined in IFRS $3$ Business Combinations.The purchase agreement contained the following terms regarding the consideration paid for the $55\%$ shareholding in Deli Healthy Eatery Ltd: A cash amount of R $125000$ was transferred on $1$ January $2023$ by Wholesome Foods Ltd$.$ Deli Health Eatery Ltd had an outstanding account with one of Wholesome Foods Ltds creditors. Wholesome Foods Ltd settled the account of R$28125$ on $5$ January $2023.$ The fair value of the account was also R$28125$ on $1$ January $2023.469$ shares in Wholesome Foods Ltd were issued to Deli Health Eatery Ltd as part of the consideration. The shares were issued on $12$ January $2023.$ Costs related to the share issue amounted to R$313$ and were included in the cash amount of R$125000$ paid by Wholesome Foods Ltd$.$ The share issue costs were capitalised against the investment in Deli Healthy Eatery Ltd$.$On $1$ January $2023$ Deli Health Eatery Ltd had a share capital balance of R$156250(78125$ shares$)$ and retained earnings of R$56250.$ Deli Health Eatery Ltd accountedfor their assets and liabilities at cost$.$ On $1$ January $2023,$ the carrying amounts of all assets and liabilities were equal to the fair value thereof$\mathrm{.}76$ HFAC$302-1-$JAN$-$JUN$2024-$FA$1-$GT$-$V$3-21112023$ANNEXURE F$-$FORMATIVE ASSESSMENT $1$Share prices of the relevant companies were as follows:Wholesome Foods Ltd$1$ January $202312$ January $202331$ December $2023$Deli Health Eatery Ltd$1$ January $2023$R$10,50$ R$10,40$ R$10,60$R$3,90$During the $2023$ financial year end circumstances arose that led to an impairment of the goodwill recognised at the acquisition of Deli Health Eatery Ltd$.$ The impairment amounted to R$25000$ and has not been journalised yet.Deli Health Eatery Ltds Statement of Profit or Loss and Other Comprehensive Income for the year ended $31$ December $2023$ showed a profit after tax of R$37500.$Deli Health Eatery Ltd declared and paid dividends of R$6250$ on $31$ December $2023.$Additional information: Wholesome Foods Ltd recognised its investment in Deli Health Eatery Ltd in its separate financial statements at cost price. Wholesome Foods Ltd elected to measure non$-$controlling interests at fair value. The company tax rate is $28\%$ and the Capital Gains Tax inclusion rate is $80\%.$Ignore Value Added Tax $($VAT$)$ and Dividend Tax$\mathrm{.}77$ HFAC$302-1-$JAN$-$JUN$2024-$FA$1-$GT$-$V$3-21112023$ANNEXURE F$-$FORMATIVE ASSESSMENT $1$REQUIRED:Provide all the pro forma journal entries necessary to prepare the Consolidated Financial Statements of the Wholesome Foods Ltd Group for the financial year ended $31$ December $2023.$ Journal dates and narrations are not required.$(30$ marks$)$Note: All amounts should be rounded to the nearest Rand. Show all workings clearly. Your answer must comply with International Financial Reporting Standards $($IFRS$).$