I need the step-by-step anwser for this question:

Jacaranda Limited acquired a 75% ownership interest in Frangipani Limited on 30 June 20X5.On the same day, Frangipani Limited acquired a 60% ownership interest in Gardener Limited. The following interentity transactions have taken place between the entities in the group during the years ended 30 June 20X6 and 30 June 20X7:

On 1 July 20X5 Gardener sold an item of plant to Jacaranda for a profit of $25 000.The remaining useful life of the plant at the date of transfer was 2 years.

On 1 September 20X5, Gardener paid a dividend of $100 000 from profits earned prior to 30 June 20X5.

Jacaranda lent $500 000 to Gardener on 1 January 20X6.Interest charged on the loan for the year ended 30 June 20X6 was $20 000 and for the year ended 30 June 20X7 was $40 000.

On 31 May 20X6 Frangipani sold inventory to Gardener for $15 000.Profit earned on the sale was $1500.Gardener sold the inventory to external parties on 1 August 20X6.

Details of profits earned by entities within the group for the years ended 30 June 20X6 and 30 June 20X7 are:

30 June 20X6 30 June 20X7

Jacaranda

100 000 125 000

Frangipani

45 000 70 000

Gardener

20 000 35 000

The tax rate is 30%.

The effect of the dividend paid by Gardener to Frangipani on the NCI of Gardener for the year ended 30 June 20X6 is:

a. nil.

b. $15 000.

*c. $40 000.

d. $55 000.