During the year ended 30 June 2017, a parent entity rents a warehouse from a subsidiary entity for $200000. The company tax rate is 30%. Which of the following is the consolidation adjustment entry needed at reporting date to eliminate the transaction?

I.	Rent revenue	Dr	200000
Rent expense	Cr	200000
II.	Rent revenue	Dr	200000
Rent expense	Cr	200000
Income tax expense	Dr	60000
Deferred tax liability	Cr	60000
III.	Rent revenue	Dr	200000
Rent expense	Cr	200000
Deferred tax asset	Dr	60000
Income tax expense	Cr	60000
IV.	Rent expense	Dr	200000
Rent revenue	Cr	200000