Meat Ltd Purchased 100% of the Issued Capital of Pie

Meat Ltd purchased 100% of the issued capital of Pie Ltd for a cash consideration of $1.7 million on 1 July 2014.At that time the fair value of the net assets of Pie Ltd were represented by: $$\begin{array} { | l | r | } \hline \text { Share capital } & \$ 1000000 \\\hline \text { Retained earnings } & 500000 \\\hline & \$ 1500000 \\\hline\end{array}$$ Goodwill had been determined to have been impaired by $20 000 during the period.During the period ended 30 June 2015,Pie Ltd sold inventory that cost $450 000 for $620 000 to Meat Ltd.Twenty per cent of this inventory remains on hand in Meat Ltd at the end of the year.Both companies use a perpetual inventory system.The taxation rate is 30%.At the end of the period Pie Ltd declared a dividend of $45 000 that has not yet been paid.
What consolidation journal entries are required for the period ending 30 June 2015?

A)
$\begin{array}{|c|l|r|r|}\hline \text { Dr } & \text { Share capital } & 1000000 & \\\hline \mathrm{Dr} & \text { Retained earnings } & 500000 & \\\hline \mathrm{Dr} & \text { Goodwill } & 200000 & \\\hline \mathrm{Cr} & \text { Investment in Pie Ltd } & & 1700000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Impairment loss } & 20000 & \\\hline \mathrm{Cr} & \text { Accumulated impairment loss } & & 20000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Sales } & 620000 & \\\hline \mathrm{Cr} & \text { Cost of goods sold } & & 620000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Cost of goods sold } & 34000 & \\\hline \mathrm{Cr} & \text { Inventory } & & 34000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Deferred tax asset } & 10200 & \\\hline \mathrm{Cr} & \text { Income tax expense } & & 10200 \\\hline & & & \\\hline \mathrm{Dr} & \text { Dividend income } & 45000 & \\\hline \mathrm{Cr} & \text { Dividend receivable } & & 45000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Dividend payable } & 45000 & \\\hline \mathrm{Cr} & \text { Dividend declared } & &45000 \\\hline\end{array}$
B)
$\begin{array}{|c|l|r|r|}\hline \text { Dr } & \text { Share capital } & 1000000 & \\\hline \mathrm{Dr} & \text { Retained earnings } & 455000 & \\\hline \mathrm{Dr} & \text { Goodwill } & 200000 & \\\hline \mathrm{Cr} & \text { Investment in Pie Ltd } & & 1655000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Impairment loss } & 20000 & \\\hline \mathrm{Cr} & \text { Accumulated impairment loss } & & 20000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Sales } & 620000 & \\\hline \mathrm{Cr} & \text { Inventory } & & 620000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Cost of goods sold } & 34000 & \\\hline \mathrm{Cr} & \text { Inventory } & & 34000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Income tax expense } & 10200 & \\\hline \mathrm{Cr} & \text { Deferred tax asset } & & 10200 \\\hline & & & \\\hline \mathrm{Dr} & \text { Dividend income } & 45000 & \\\hline \mathrm{Cr} & \text { Dividend receivable } & &45000 \\\hline\end{array}$
C)
$\begin{array}{|c|l|r|r|}\hline \text { Dr } & \text { Share capital } & 1000000 & \\\hline \mathrm{Dr} & \text { Retained earnings } & 500000 & \\\hline \mathrm{Dr} & \text { Goodwill } & 200000 & \\\hline \mathrm{Cr} & \text { Investment in Pie Ltd } & & 1700000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Impairment loss } & 20000 & \\\hline \mathrm{Cr} & \text { Accumulated impairment loss } & & 20000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Sales } & 620000 & \\\hline \mathrm{Cr} & \text { Cost of goods sold } & & 450000 \\\hline \mathrm{Cr} & \text { Unrealised profit } & & 170000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Cost of goods sold } & 34000 & \\\hline \mathrm{Cr} & \text { Unrealised profit } & & 34000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Deferred tax liability } & 10200 & \\\hline \mathrm{Cr} & \text { Income tax asset } & & 10200 \\\hline & & & \\\hline \mathrm{Dr} & \text { Dividend income } & 45000 & \\\hline \mathrm{Cr} & \text { Dividend receivable } & & 45000 \\\hline\end{array}$
D)
$\begin{array}{|c|l|r|r|}\hline \text { Dr } & \text { Share capital } & 1000000 & \\\hline \mathrm{Dr} & \text { Retained earnings } & 500000 & \\\hline \mathrm{Dr} & \text { Goodwill } & 200000 & \\\hline \mathrm{Cr} & \text { Investment in Pie Ltd } & & 1700000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Impairment loss } & 20000 & \\\hline \mathrm{Cr} & \text { Accumulated impairment loss } & & 20000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Sales } & 450000 & \\\hline \mathrm{Cr} & \text { Cost of goods sold } & & 450000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Cost of goods sold } & 136000 & \\\hline \mathrm{Cr} & \text { Inventory } & & 136000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Deferred tax asset } & 40800 & \\\hline \mathrm{Cr} & \text { Income tax expense } & & 40800 \\\hline & & & \\\hline \mathrm{Dr} & \text { Dividend income } & 45000 & \\\hline \mathrm{Cr} & \text { Dividend declared } & & 45000 \\\hline & & & \\\hline \mathrm{Dr} & \text { Dividend payable } & 45000 & \\\hline \mathrm{Cr} & \text { Dividend receivable } & &45000 \\\hline\end{array}$