A subsidiary sold a quantity of inventories to its parent entity at a before-tax profit of $12 000. The original cost of the inventories to the subsidiary was $41 000. At the end of the year all of the inventories were still on hand. The consolidation adjustment entry to eliminate this transaction will include which of the following line items? Cr Inventories $12 000 Cr Inventories $53 000 Cr Inventories $41 000 Cr Inventories $29 000 a b d