Question 8 1 pts On 12 May 2020, Paladin Ltd acquired all the shares in Aberdeen Ltd. At the date of acquisition, all the identifiable net assets of Aberdeen Ltd were at fair value except for inventory which was recorded by the subsidiary at $205,000. The fair value of the inventory was 320,000 at the date of acquisition. The inventory was sold on 23 December 2020 for $380,000. The consolidation entry required at 30 June 2021 is: O No consolidation entries are required O Dr Inventory $115,000; Cr FVA $80,500; Cr DTL $34,500 O Dr Retained earnings $80,500; Cr FVA $80,500 O Dr COGS $115,000; Cr FVA $80,500; Cr ITE $34,500