A subsidiary sold inventories for $9 000 to its parent entity in the year ended 30 June 2022 at a profit of $8 000. At 30 June 2022 the parent had not sold the inventories. The company tax rate is 30%. The consolidation worksheet prepared at 30 June 2022 will contain the following adjustment entry for inventories:

Select one:

A.

Cr Inventories $9 000

B.

Cr Inventories $8 000

C.

Cr Inventories $1 000

D.

Cr Inventories $2 400