Yadra Ltd owns all of the share capital of Viti Ltd. In relation to the following intragroup transactions, all parts of which are independent unless specified, prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2016. Assume an income tax rate of 30%.

(a) During the year ending 30 June 2016, Viti Ltd sold $55 000 worth of inventory to Yadra Ltd. Viti Ltd recorded an $8000 profit before tax on these transactions. At 30 June 2016, Yadra Ltd has one-quarter of these goods still on hand. (b) Yadra Ltd manufactures items of machinery which are used as property, plant and equipment by other companies, including Viti Ltd. On 1 January 2016, Yadra Ltd sold such an item to Viti Ltd for $52 000, its cost to Yadra Ltd being only $45 000 to manufacture. Viti Ltd charges depreciation on these machines at 20% p.a. on the diminishing balance. (c) A non-current asset with a carrying amount of $1200 was sold by Viti Ltd to Yadra Ltd for $900 on 1 January 2016. Yadra Ltd intended to use this item as inventory, being a seller of second-hand goods. Both entities charged depreciation at the rate of 10% p.a. on the diminishing balance on non-current assets. The item was still on hand at 30 June 2016. (d) Yadra Ltd issued 1000 10% debentures of $100 at nominal value on 1 October 2015. Viti Ltd acquired 300 of these. Interest is payable half-yearly on 31 March and 30 September. Accruals have been recognised in the legal entities accounts. (e) On 25 June 2016, Yadra Ltd declared a dividend of $8000. On the same day, Viti Ltd declared a $4000 dividend.