$8\mathrm{.}1$ Red Limited acquired $100\%$ of the issued capital of Yellow Limited on $30$ June $2022$ for $$80,000.$ At that date the shareholders$$ equity of Yellow Limited was: o$$ Share Capital $$60,000$ o$$ Reserves $$15,000$ o$$ Retained Earnings $ $5,000$ a$.$ Prepare the journal entry to eliminate the investment in Yellow Ltd by Red Ltd that would be required as part of the consolidation procedures for preparing financial reports for corporate entities.