Consolidation adjustment/elimination journal entries that are required at the above financial year end date (i.e. for one year only); and PART B: A detailed calculation of non-controlling interest balance and consolidation worksheet; and PART C: Consolidated financial statements and statements of changes in equity for both the the group and parent. THE FOLLOWING EVENTS OCCURRED: During the year ended 30 June 2013: 1. On 1 September 2012 Adam Ltd created a group entity when it purchased 70% of the issued capital of Eve Ltd. On acquisition, Eve's Ltd's accounts showed: Share capital $200,000 and Retained earnings $46,000. All assets and liabilities appearing in Eve Ltd's financial statements were fairly valued, except:  One of their blocks of land was recorded at $50,000 when its fair value was judged by the group to be $110,000. During the following financial year this land was sold for $140,000 cash.  An item of plant was undervalued by $40,000. At that time it had a remaining life of 5 years and accumulated depreciation of $30,000. The plant is still an asset of Eve Ltd at 30 June 2015.  A contingent liability relating to an unsettled legal claim with a fair value of $50,000 was recorded in the notes to the financial statements. This amount will be tax deductible when paid. The court case is still in progress at 30 June 2015. During the year ended 30 June 2014: 1. On 1 July 2013 Eve Ltd sold an item of plant to Adam Ltd for $50,000. The plant had cost $54,000 when purchased on 31 December 2012. It's expected useful life was originally 5 years and this original estimate is still considered to be valid. The plant is still an asset of Adam Ltd at 30 June 2015. 2. During the year Adam Ltd made sales of inventory to Eve Ltd of $72,000. The inventory balance of Eve Ltd at the end of the year included stock of $62,000 acquired from Adam Ltd. 3. Adam Ltd declared and paid dividends of $80,000 for the year. Eve Ltd did not declare or pay any dividends for the year. During the year ended 30 June 2015: 4. On 1 November 2014 Adam Ltd sold an item of plant to Eve Ltd for $80,000 when its carrying value in Adam's books on that date was $109,500 (original cost $182,500 and original estimated life of 5 years). The plant is still an asset of Eve Ltd at 30 June 2015. 5. During the year Eve Ltd made sales of inventory to Adam Ltd of $66,600. The inventory balance of Adam Ltd at the end of the year included stock of $33,400 acquired from Eve Ltd. 6. The management of Adam Ltd believes that the goodwill acquired on acquisition of Eve Ltd was impaired by $3,000 in the current year. This is in addition to a total of $5,000 of impairment in previous years. 7. Adam Ltd charged management fees to Eve Ltd. 8. Dividends were declared/paid by both companies. 9. Non-controlling interests in Eve Ltd to be recognised. This is the only subsidiary in the group.