On 1 January 2022, Cow Ltd acquired all the issued shares in Green Ltd. At that date, the inventories of Green Ltd had a fair value of $30 000LESSthan their carrying amount. The inventories were sold during the year ended on 30 June 2023.The company tax rate is 30%.

Required

The tax effect entry to be made on 30 June 2023 in relation to the inventory will be:

A . CR Income Tax Expense9000

B. CR Deferred Tax Liability9000

C. DR Income Tax Expense9000

D. DR Deferred Tax Asset9000