Kippy Ltd acquired 100% of the share capital of Downs Ltd when the carrying value of Downs Ltds plant and machinery was $564 000. The fair value of the plant on acquisition date was $610 000. The company tax rate was 30%. What is the amount of the business combination valuation reserve that must be recognised on consolidation? Select one: a. $32 200 b. $35 000 c. $46 000 d. $13 800