Clove Ltd Owns 40% of Bark Ltd

Clove Ltd owns 40% of Bark Ltd. Bark Ltd's profit after tax for the year ended 30 June 2022 is $120 000. The tax rate is 30%. On 1 July 2020, Bark Ltd sold an item of plant to Clove Ltd for $164 000. The carrying amount of the asset on this date in Bark Ltd's records was $152 000. The plant had a remaining useful life of 4 years. Clove's share of Bark's profit for the year ended 30 June 2022 is:

A) $41 000
B) $44 000
C) $48 840
D) $52 800