Question: On 1 March 2 0 2 0 , Son Ltd sold inventory costing $ 1 2 0 , 0 0 0 to Parent Ltd for

On 1 March 2020, Son Ltd sold inventory costing $120,000 to Parent Ltd for $100,000. On 1 October 2020, Parent Ltd sold half of these inventory items back to Son Ltd for $60,000. Of the remaining inventory kept by Parent Ltd, half was sold in March 2021 to Dingo Ltd at a profit of $10,000.
What are the consolidation adjustment entries for 30 June 2021.

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