On 1 July 2018 Harris Ltd purchased an 80% controlling interest in Shamin Ltd for a consideration of $350,000. On that date the pre-control equity of Shamin consisted of: Paid up capital $200 000 Retained profits $150 000 General reserve $_50.000 Total equily $400 000 The net assols of Shanin Lld were recorded at lair values Relevant financial data for the two companies, for the year ending 30 June 2020, is provided on the worksheet below. Further information: During May 2019 Shamin Ltd sold inventory to Harris Ltd at a profit of $15,000. This inventory was sold by Harris Ltd to external parties during the month of July 2019. On 30 June 2020 Harris Ltd purchased from Shartin Ltd an item of equipment for $40,000. The equipment has a cost of $90,000 and a carrying amount of $28,000. The equipment has a remaining useful life of 4 years and a residual value of zero Consolidation worksheet as at 30 June 2020 Harris Shamin Sum Eliminations Group Allocation DR CR NCI Parent Sales Cost of sales Gruss profil Interest revenue Other revenues 700 000 200 000 1 000 000 520 000 140 000 6601 0001 180 000 160 000 340 000 7 000 7 000 19 200 7502 26 700 12 XX 12 000 Gain on sale of equioment 7 000 7 000 Interest expense Other expenses Net profit 370.00 64200 142 000 101 200 277500 135 500 ??? 620 000 225 x 245.000 ketained profits 1 July 2019 REQUIRED For the year 2020, what is the amount of net profit that NCI is entitled to? Select one: OA $27.700 OB $29,500 Od $24.700 O D. $27,100