Parent Ltd own all of the issued shares of Subsidiary Ltd. During the current year, Parent sold inventory to Subsidiary Ltd for $4166. That inventory had cost Parent $3000. Subsidiary Ltd has sold 60% of that inventory to outside entities during the current year for $8000. The tax rate is 30%.

What is the unrealised profit in inventory at the end of the current year? (This is the same as asking by how much will inventory be credited in the consolidation elimination journal entries).