During the year ended 30 June 2021, a subsidiary entity sold inventories to a parent entity for $50 000. The inventories had previously cost the subsidiary entity $45 000. By 30 June 2021 the parent entity had sold 75% of the inventories to a party outside the group. The company tax rate is 30%. The adjustment entry to deal with this transaction on 30 June 2022 consolidation would include the following line item: Dr Retained earnings 875 Dr Retained earnings 1250 Cr Cost of Sale 1500 Cr Cost of Sale 875 Dr Retained earnings 875=(50k-45k)*(1-30%)*(1-75%) Dr ITE 375=1250*30% Cr COGS 1250=(50K-45K)*(1-75%)