Purple Ltd sold an item of plant to its subsidiary, Rain Ltd, on 1 January 2022 for $50 000. The asset had cost Purple Ltd $60 000 and had an useful life of 6 years when acquired on 1 January 2020 from an external party. The adjustment necessary on consolidation in relation to the transfer of plant as at 30 June 2022 will result in: O a. a decrease in current year profit and non-current assets. O b. a decrease in current year profit. c. an increase in current year profit. an increase in current year profit and non-current assets