A parent sold some inventories to its subsidiary for $50 000. The goods had originally cost the parent $60 000. At the end of the year all of the inventories were still on hand. The consolidation adjustment entry to eliminate this transaction will include the following journal line items?

Group of answer choices

an increase in income tax expense and an increase in deferred tax liabilities

an increase in deferred tax assets and a decrement in income tax expense

a decrease in deferred tax liabilities and an increase in income tax expense

a decrement in income tax expense and a reduction in deferred tax assets