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%.

1. 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.