Mini Limited sold inventories to its parent entity, Maxi Ltd, at a before-tax profit of $16 000. The inventories originally cost Mini Limited $64 000. At balance sheet date, Maxi Limited had sold 90% of the inventory to an external party. The consolidation adjustment entry (excluding tax effects) will eliminate unrealised profit amounting to: Question 14Select one: $14 400 $1 600 $48 000 $6 400