On 1 January 2022, Wacken Limited acquired 80% of the issued shares in Latitude Limited. On 31 December 2022, Wacken Limited sold a piece of land to Latitude Limited for $15,000 cash. The land had an original cost of $10,000. The land is then sold to an external party on 20 June 2023. The tax rate is 30%. For the fiscal year ending 30 June 2024, the effects of this transaction on the NCI allocation of shareholders' equity of Latitude Limited will include: A reduction of $700 allocation to NCI through post-acquisition movements in retained earnings between 1 January 2022 to 1 July 2023. OA reduction of $700 allocation to NCI through current-year NCI share of profits. An increase of $700 allocation to NCI through post-acquisition movements in retained earnings between 1 January 2022 to 1 July 2023, and a reduction of $700 allocation to NCI through current-year NCI share of O profits. A reduction of $700 allocation to NCI through post-acquisition movements in retained earnings between January 2022 to 1 July 2023, and an increase of $700 allocation to NCI through current-year NCI share O profits. None of the other options