In May 2019, a parent sold inventories to a subsidiary entity for $60 000. The inventories had previously cost the parent entity $48 000. The entire inventory is still held by the subsidiary at reporting date, 30 June 2019. Ignoring tax effects, which of the following is the adjustment entry in the consolidation worksheet at reporting date?

a.

Cost of sales	Dr	60 000
Sales Revenue	Cr		12 000
Inventories	Cr		48 000

b.

Sales Revenue	Dr	60 000
Cost of sales	Cr		48 000
Inventories	Cr		12 000

c.

Sales Revenue	Dr	48 000
Cash	Cr		48 000
Inventories	Dr	48 000
Cost of sales	Cr		48 000

d.

Cash	Dr	48 000
Sales Revenue	Cr		48 000
Cost of sales	Dr	48 000
Inventories	Cr		48 000