A subsidiary entity sold inventory to a parent entity for $$30000.$ The inventory had previously cost the subsidiary entity $$24000.$ By reporting date, the parent entity had sold $75\%$ of the inventory to a party outside the group. The company tax rate is $30\%.$ The adjustment entry in the consolidation worksheet at reporting date is:

Question $10$ Select one:

a$.$

Sales revenue Dr $30000$

Cost of sales Cr $24000$

Inventory Cr $6000$

Deferred tax asset Dr $1800$

Income tax expense Cr $1800$

b$.$

Sales revenue Dr $30000$

Cost of sales Cr $28500$

Inventory Cr $1500$

Deferred tax asset Dr $450$

Income tax expense Cr $450$

c$.$

Sales revenue Dr $22500$

Cost of sales Cr $18000$

Inventory Cr $4500$

Deferred tax asset Dr $1350$

Income tax expense Cr $1350$

d$.$

Sales revenue Dr $7500$

Cost of sales Cr $6000$

Inventory Cr $1500$

Deferred tax asset Dr $450$

Income tax expense Cr $450$

e$.$

None of the above