Shine Ltd owns 90% of the share capital of THD Ltd. In January 2017, Shine Ltd sells inventory to THD Ltd for $50 000 cash. This inventory had previously cost Shine Ltd $42 000, and remains unsold by THD Ltd at the end of the period. The income tax rate is 30%. A junior accountant working for Shine Ltd recorded the following consolidation adjustment for 30 June 2017: Sales revenue Cost of sales Inventories Dr 50 000 Cr Cai 42 000 8 000 Deferred tax asset Dr 2 400 Cr Income tax expense 2 400 Dr Cr NCI 560 NCI share of profit/loss 560 Please discuss whether the entries are correct