Explain in detail, using the relevant journal entries, how the realisation of profit affects the calculation of profit and retained earnings for the NCI for the year ended 30 June 2018 using the following information. Rose Ltd owns 90% of the share capital of Petal Ltd. The income tax rate is 30%. In January 2017, Petal Ltd sells inventory to Rose Ltd for $25 000 cash. This inventory had previously cost Petal Ltd $15 000, and remains unsold by Rose Ltd at the end of the period 30 June 2017. In the year ended 30 June 2018, all of the inventory is sold by Rose Ltd.