Ying Ltd owns all of the shares of Yang 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 2020. Assume an income tax rate of 30%.

Part A: On 1 May 2020, Ying Ltd sold merchandise for $330000 to Yang Ltd. Ying Ltd recorded $30 000 profit before tax. At 30 June 2020, Yang Ltd sold 70% of this merchandise to external parties.

Part B: On 1 January 2020, Yang Ltd sold the Machinery to Ying Ltd for $100 000. At the date of sale, Yang Ltd had recorded a carrying amount of $90,000. Ying Ltd charged depreciation at the rate of 20% p.a. on this item

Part C: In the 2018-19 period, Yang Ltd sold land to Ying Ltd at $150000 above cost. The land is still held by Ying Ltd

Part D: On 1 February 2020, Ying Ltd acquired $80000 of debentures previously issued by Yang Ltd. These were acquired on the open market for $80 000. The Half-yearly Interest of $4,250 on debentures was paid on 30 June 2020.

part E: On 15 April 2019, Yang Ltd paid an interim dividend of $15 000. On the same day Ying Ltd paid an interim dividend of $30,000