1. A subsidiary sold a quantity of inventory to its parent entity at a beforetax prot of $12,000. The original cost of the inventory to the subsidiary was $41,000. At the end of the year, all of the inventory was still on hand. The consolidation adjustment entry to eliminate this transaction will include which of the following line items? a Cr Inventory $12,000 [3 Cr Inventory $53,000 c Cr Inventory $41,000 d Cr Inventory $29,000