Fendi Ltd holds a 70% interest in Manny Ltd. Manny Ltd sells inventories to Fendi Ltd during the year for $20 000. The inventories originally cost $14 000. At the end of the year 80% of the inventories are still on hand. The tax rate is 30%. The NCI adjustment required in relation to this transaction includes which of the following?

Group of answer choices

DR NCI $1008 CR NCI SHARE OF PROFITS $1008

DR NCI SHARE OF PROFITS $1008 CR NCI 1008

DR NCI $1440 CR NCI SHARE OF PROFITS $1440

DR NCI SHARE OF PROFITS $1440 CR NCI $1440