Hobson Limited sold inventories to its parent entity, Dyson Ltd, at a before-tax profit of $16 000. The inventories originally cost Hobson Limited $64 000. At balance sheet date, Dyson Limited had sold 90% of the inventory to an external party. The consolidation adjustment entry (excluding tax effects) will eliminate unrealised profit amounting to: Select one: $1600 $48 000 $6 400 $14 400