•Artworks having a fair value of $60 000.
Robert Ltd incurred legal and accounting costs of $5000 and share issue costs of $4000.
In January 2019, Matt Ltd paid a bonus dividend of $40 000, being one share for every three shares held, the dividend being paid from retained earnings on hand at 1 July 2015.
The tax rate is 30%.
Prepare the consolidation worksheet entries for consolidated financial statements prepared by Robert Ltd at 30 June 2020.