During the year ended 30 June 2017, a subsidiary entity sold inventories to a parent entity for $30 000. The inventories had previously cost the subsidiary entity $24 000. By 30 June 2017 the parent entity had sold 75% of the inventories to a party outside the group. The company tax rate is 30%. The adjustment entry in the consolidation worksheet at 30 June 2018 is: a. Sales revenue Dr 30 000 Cost of sales Cr 28 500 Inventories Cr 1 500 Deferred tax asset Dr 450 Income tax expense Cr 450 b. Retained earnings Dr 1 400 Income tax expense Dr 600 Cost of sales Cr 2 000 c. Retained earnings Dr 1 050 Income tax expense Dr 450 Cost of sales Cr 1 500 d. Retained earnings Dr 1 500 Inventories Cr 1 500 Deferred tax asset Dr 450 Retained earnings Cr 450