Albert Ltd regularly sells goods to its wholly-owned subsidiary company Brooklyn Ltd, which it has owned since Brooklyn Ltd's incorporation. The statement of financial position of the two companies on 28th February 2023 is giver below. Required: Show the proforma journals for each Which accounting standards influence the preparation of the consolidated accounts for the group? Prepare a consolidated account for the group that ended 28th February 2023.

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Assets STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2028 Non-Current Assets Brookly ALBERT LTD Ltdn Ltd (R) 90,000 60,000 PPE 35,000 60,000 Investments in 55,000 shares in Brooklyn Ltd at cost 55,000 Current Assets 55,000 51,000 Inventory 16,000 27,000 Trade receivable: Brooklyn Ltd 2,000 Bank Total Assets Equity and Liabilit Other 21,000 24,000 16,000 145,000 111,000 Assets STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2028 Non-Current Assets Brookly ALBERT LTD Ltdn Ltd (R) 90,000 60,000 PPE 35,000 60,000 Investments in 55,000 shares in Brooklyn Ltd at cost 55,000 Current Assets 55,000 51,000 Inventory 16,000 27,000 Trade receivable: Brooklyn Ltd 2,000 Bank Total Assets Equity and Liabilit Other 21,000 24,000 16,000 145,000 111,000