X Ltd acquires 100% interest in Y Ltd. On 1 July 2018 X Ltd sells an item of plant to Y Ltd for $145 000 when its carrying value in X Ltds accounts was $101 250 (cost $168 750, accumulated depreciation $67 500). This plant is assessed as having a remaining useful life of 6 years and the tax rate is 30%.

Required: Provide consolidation journal entries for 30 June 2019 to adjust for the above sale.