Dingo Ltd owns all of the shares of Bilby Ltd. In relation to the following intragroup transaction, On 1 January 2018, Dingo Ltd sold inventory costing $6000 to Bilby Ltd at a transfer price of $8000. On 1 September 2018, Bilby Ltd sold half these items of inventory back to Dingo Ltd, receiving $3000 from Dingo Ltd. Of the remaining inventory kept by Bilby Ltd, half was sold in January 2019 to Goanna Ltd at a loss of $200.