Question 9 0.5 pts A parent, Mushkin Ltd, sold inventories to its subsidiary, Pumpkin Ltd, for $80 000 in the current financial year. The goods had originally cost the parent $85 000. At the end of the year, 50% of the inventories were still on hand. The consolidation adjustment entry to eliminate this transaction will include the following journal line items? an increase in deferred tax assets and a decrement in income tax expense a decrease in deferred tax liabilities and an increase in income tax expense an increase in income tax expense and an increase in deferred tax liabilities a decrement in income tax expense and a reduction in deferred tax assets