4. Z Ltd owns 60 000 shares of E Ltd. E Ltd had a total of 100 000 shares. During the period, E Ltd (which is a subsidiary of Z Ltd) has sold goods to Z Ltd at a mark-up of 20% on its costing $1 000. On the reporting date, these goods remain unsold with Z Ltd. What is the effect related to adjusting non-controlling interest (NCI) at the time of consolidation? NCI to be:

   1. A) Reduced by $120

   2. B) Increased by $200

   3. C) Reduced by $80

   4. D) No effect or adjustment required