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Cinderella Ltd bought 30% of the shares in its associate Octavius Ltd at 1 March 2020. At the date of acquisition all the net assets of Octavius Lid are at fair value except for the following: Carrying amount Fair value Inventory 200,000 300,000 Octavius Ltd sold 60* of the inventory by 30 June 2020. Assume that Octavius Lid reports an after- tax profit of $200,000 on 30 June 2070, what is Cinderella's share of associate's profit reported on the consolidated income statement for the year ended 30 June 2020? 539,000 O $51.600 ( $47,400 $34.400