On 1 July 2015 Sarah Ltd acquires all the shares in Jane Ltd for $100.000 cash The financial statements of Jane Ltd as at 1 July 2015 shows the following Retained earnings 20,000 Share capital 25,000 The tax rate is 30% At the date of acquisition all the net assets of Jane Ltd are at fair value except for the following: Carrying amount Fair value Inventory $8,000 $15,000 Internally-generated brand Nil $30,000 name Contingent liabilities Nil $12,000 The inventory was sold by Jane Ltd to an outside company for $25,000 on 1 May 2016. Which of the following consolidation journal in related to the BCVR entries of the inventory at 30 June 2018 is correct? a. Dr. Inventory $15.000 Cr. BCVR Cr. DTL $10,500 $3,500 b. None of the above. $7.000 O c. Dr. Retained Earnings Cr. BCVR $7.000 $7.000 Od Dr. Cost of goods sold Cr. BCVR Cr. Income tax expense $4.900 $2,100