XYZ Limited is a subsidiary of ABC Limited. The following transactions took between them during the month of March:1st-XYZ Limited paid rent $1000 to ABCLimited for the month of March.2nd-XYZ Limited declared a dividend of $1,500 to ABC Limited.13th-XYZ Limited paid the dividend to ABC Limited declared on 2ndMarch. 14th-ABC Limited lends $10,000 to XYZ Limited paying interest at 10% every month. 15th-ABC Ltd issues 10$100 debentures with an interest rate of 15% p.a. payable on 15 Marchof each year to XYZ Limited. Required:Provide consolidation worksheet adjusting entries for each of the transactions listed above.Question2: Why is it necessary to make adjustments for intragroup transactions?Question3: Where an intragroup transaction involves a depreciable asset, why is depreciation expense adjusted?