Undervalued assets, full and partial goodwill method  LO3, 4, 7 On 1 July 2019, Sugar Ltd acquired 90% of the shares of Glider Ltd for $435 240. At this date, the equity of Glider Ltd consisted of share capital of $300 000 and retained earnings of $120 000. All the identifiable assets and liabilities of Glider Ltd were recorded at amounts equal to fair value except for the following. Carrying amount Fair value Land $ 80 000 $ 95 000 Plant (cost $380 000) 300 000 330 000 Inventories 15 000 18 000 The land is still on hand with Glider Ltd at 30 June 2020. The plant was considered to have a further 10‐year life. All the inventories were sold by 30 June 2020. The tax rate is 30%. Sugar Ltd uses the partial goodwill method. During the year ended 30 June 2020, Glider Ltd recorded a profit of $30 000. Required 1. Prepare the consolidation worksheet entries for the preparation of the consolidated financial statements of Sugar Ltd at 30 June 2020. 2. Prepare the consolidation worksheet entries if Sugar Ltd used the full goodwill method, assuming the fair value of the non‐controlling interest at 1 July 2019 was $47 700.