Full and partial goodwill method  LO4 On 1 July 2019, Rainbow Ltd acquired 80% of the issued shares of Lorikeet Ltd for $165 000. At this date, the equity of Lorikeet Ltd was as follows. Share capital $100 000 General reserve 40 000 Retained earnings 50 000 At acquisition date, all the identifiable assets and liabilities of Lorikeet Ltd were recorded at amounts equal to fair value. At 30 June 2021, the equity of Lorikeet Ltd consisted of: Share capital $100 000 General reserve 50 000 Retained earnings 80 000 A transfer from pre-acquisition retained earnings to general reserve of $10 000 was made during the year ended 30 June 2020. During the year ended 30 June 2021, Lorikeet Ltd recorded a profit of $15 000. Required Prepare the consolidated worksheet entries at 30 June 2021 for Rainbow Ltd assuming: 1. At 1 July 2019, the fair value of the non‐controlling interest was $40 000 and Rainbow Ltd adopts the full goodwill method. 2. Rainbow Ltd adopts the partial goodwill method.