Financial information for Paradise Ltd and its 100% owned subsidiary, Flowerpot Ltd, for the period ended 30 June 2022 is provided below. The consolidation adjustments for the group have been completed and are CORRECT. However, the final figures for the Group's consolidated financial statements are missing.

Required:
Complete this consolidation worksheet by filling in all missing figures for the "Group" column in the answer box below the question data.

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	$000	$000	Eliminations/Adjustments
Account	Paradise Ltd	Flowerpot Ltd		Debit	Credit		Consolidation
Sales revenue	35,000	17,000		1,300
				2,200
Dividend revenue	1,800	800		1,000
				800
	36,800	17,800
Cost of sales	26,000	9,500			250
					1,300
					2,000
Other expenses	5,400	2,500		100	12
	31,400	12,000
Operating profit before tax	5,400	5,800
Income tax expense	1,200	1,000		175	30
				4	60
					75
Operating profit after tax	4,200	4,800
Retained profits 1/7/21	7,250	1,400		100	30
				1,575
				75
	11,450	6,200
Dividends paid	1,800	1,000			1,000
Dividends declared	3,600	800			800
	5,400	1,800		Journal entries
Retained profits 30/6/22	6,050	4,400		will not balance
				EXTRACT ONLY

Answer rating: 100% (QA)

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