The following financial statements of FinalHeadache Ltd and its subsidiary Solutions Ltd have been extracted from their financial records at 30 June 2019.

Reconciliation of Opening and Closing retained earnings
	FinalHeadache Ltd	Solutions Ltd
	($000)	($000)
Sales Revenue	$ 671.40	$ 540.00
Costs of goods sold	$ (464.00)	$ (238.00)
Gross Profit	$ 207.40	$ 302.00
Dividends received from Solutions Ltd	$ 93.00	$ -
Management fee revenue	$ 26.50	$ -
Gains on sale of plant	$ 40.00	$ 35.00
Expenses
Administrative expenses	$ (30.80)	$ (38.70)
Depreciation	$ (29.50)	$ (56.80)
Management fee expneses	$ -	$ (26.50)
Other expenses	$ (101.10)	$ (72.00)
Profit before tax	$ 205.50	$ 143.00
tax expense	$ (61.50)	$ (42.20)
Profit for the year	$ 144.00	$ 100.80
retained earning -- 30 June 2018	$ 319.40	$ 239.20
	$ 463.40	$ 340.00
Dividends Paid	$ (137.40)	$ (93.00)
Retained Earnings at 30 June 2019	$ 326.00	$ 247.00

Statements of Financial Position
	FinalHeadache Ltd	Solutions Ltd
	($000)	($000)
Shareholders' Equity
Retained earnings	$ 326.00	$ 247.00
Share capital	$ 350.00	$ 200.00
Current Liabilities
Accounts payable	$ 54.70	$ 46.30
Tax payable	$ 41.30	$ 25.00
Non-current liabilities
Loans	$ 173.50	$ 116.00
	$ 945.50	$ 634.30
Current Assets
Accounts receivable	$ 59.40	$ 62.30
Inventory	$ 92.00	$ 29.00
Non-current Assets
Land & Buildings	$ 224.00	$ 326.00
Plant - at cost	$ 299.85	$ 355.80
Accumulated depreciation - Plant	$ (85.75)	$ (138.80)
Investment in Solutions Ltd	$ 356.00	$ -
	$ 945.50	$ 634.30

FinalHeadache Ltd acquired its 100 per cent interest in Solutions Ltd on 1 July 2014, that is five years earlier. At that date the capital and reserves of Solutions Ltd were:

Share Capital	$ 200,000.00
Retained Earnings	$ 180,000.00
	$ 380,000.00

At the date of acquisition all assets were considered to be fairly valued

During the year FinalHeadache Ltd made a total sales to Solutions Ltd of $60 000, while Solutions Ltd sold $50 000 in inventory to FinalHeadache Ltd.

The opening inventory in FinalHeadache Ltd as at 1 July 2018 included inventory acquired from Solutions Ltd for $40 000 that costs Solutions Ltd $30 000 to produce.

The closing inventory in FinalHeadache Ltd includes inventory acquired from Solutions Ltd at a cost of $33 000. This cost Solutions Ltd $28 000 to produce

Closing inventory of Solutions Ltd includes inventory acquired from FinalHeadache Ltd at a cost of $12 000. This cost FinalHeadache Ltd $10 000 to produce.

On 1 July 2018 Solutions Ltd sold an item of plant to FinalHeadache Ltd for $116 000 when its carrying value in Solutions Ltds account was $81 000 (cost $135 000, accumulated depreciation $54 000). This plant is assessed as having a remaining useful life of six years. The Group has a policy of measuring its property, plant and equipment using the cost model.

Solutions Ltd paid $26 500 in management fee to FinalHeadache Ltd.

The tax rate is 30 per cent

Required:

Prepare the following for FinalHeadache Ltd and Solutions Ltd as at 30 June 2019:

Acquisition analysis to recognise Goodwill or Gain from Bargain Purchase show supporting calculations

All relevant worksheet entries

- Pre-acquisition eliminating entries

- Intercompany eliminating entries

Consolidated worksheet for FinalHeadache Ltd and its controlled entity for the period ending 30 June 2019 showing columns of Eliminations and adjustments and consolidated amounts

Consolidated statement of profit or loss of FinalHeadache Group

Consolidated statement of financial position of FinalHeadache Group.