Question 7 10 pts On 1 July 2010 Lalo Ltd acquired 100% of share capital of Tito Ltd. On 1 July 2013, Tito Ltd sold an item of plant to Lalo Ltd for $500,000. Tito Ltd had originally purchased the plant for $480,000, on 1 January 2006. The original estimated useful life of the asset was 15 years. Which of the following consolidation adjustment entry would be required to adjust for the unrealized gain on sale as at 30 June 2018? Dr Retained earnings $244,000 Cr Gain on sale $244,000 Dr Retained earning $260,000 Dr Gain on sale $260,000