On $1$ December $2009,$ Reticulum Ltd acquired $20\%$ of the shares of Dorado Ltd for $10000.$

These were classified as a financial investment by Reticulum Ltd with changes in fair value being recognised in other comprehensive income. At $30$ June $2013,$ these were recorded at a fair value of $20400.$ Reticulum Ltd acquired the remaining $80\%$ of the share capital of Dorado Ltd for $81600$ on $1$ July $2013$ when the equity of Dorado Ltd consisted of:

Share capital $50000$ shares $50000$

Retained earnings $30000$

All identifiable assets and liabilities of Dorado Ltd were recorded at amounts equal to fair value, except as follows:

Carrying amount Fair value

Inventory $2000025000$

Plant $($cost $80000)6000070000$

The plant is expected to have a further useful life of $5$ years. All the inventory on hand at $1$ July $2013$ was sold by $31$ December $2013.$

The income tax rate is $30\%.$

At $30$ June $2015,$ the information below was obtained from both entities.

For the year ending $30$ June $2015$ Reticulum Ltd Dorado Ltd

Profit before tax $5000040000$

Income tax expense $(20000)(15000)$

Profit $3000025000$

Retained earnings $(1/7/14)5000035000$

Transfer to general reserve $($approved by parent$)(20000)(5000)$

Retained earnings $(30/6/15)6000055000$

Statement of Financial Position

$30$ June $2015$

Cash $1300014000$

Accounts receivable $3000025000$

Inventory $7000050000$

Investment in Dorado Ltd $102000----$

Plant $20000080000$

Accumulated depreciation $(85000)(44000)$

Total assets $330000125000$

Provisions $6500010000$

Payables $200005000$

Total liabilities $8500015000$

Share capital $15000050000$

General reserve $350005000$

Retained earnings $6000055000$

Total equity $245000110000$

Total liabilities and equity $330000125000$

$1.$ Prepare the acquisition analysis on $1$ July $2013.$

$2.$ Prepare the consolidation worksheet entries for the preparation of consolidated financial statements for Reticulum Ltd and its subsidiary, Dorado Ltd$,$

A$.$ on $1$ July $2013.$

B$.$ on $30$ June $2014$

C$.$ on $30$ June $2015$

$3.$ Prepare the consolidation worksheet for the preparation of consolidated financial statements for Reticulum Ltd and Its subsidiary, Dorado Ltd$.$ on $30$ June $2015.$