French Ltd Owns 100% of the Issued Capital of Pastry

French Ltd owns 100% of the issued capital of Pastry Ltd.During the period ended 30 June 2014,Pastry Ltd sold inventory that cost $190 000 for $300 000 to French Ltd.Sixty per cent of this inventory remains on hand in French Ltd at the end of that year.Both companies use a perpetual inventory system.The taxation rate is 30%. What consolidation journal entries are required in relation to the inter-company transaction for the period ending 30 June 2015?

A)
$$\begin{array} { | c | l | r | r | } \hline \mathrm { Dr } & \text { Closing retained earnings } & 44000 & \\\hline \mathrm { Cr } & \text { Inventory } & & 44000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Income tax expense } & 13200 & \\\hline \mathrm { Cr } & \text { Deferred income tax asset } & & 13200 \\\hline\end{array}$$
B)
$$\begin{array} { | c | l | r | r | } \hline \mathrm { Dr } & \text { Opening retained earnings } & 66000 & \\\hline \mathrm { Cr } & \text { Cost of goods sold } & & 66000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Income tax expense } & 19800 & \\\hline \mathrm { Cr } & \text { Opening retained earnings } & & 19800 \\\hline\end{array}$$
C)
$$\begin{array} { | c | l | r | r | } \hline \mathrm { Dr } & \text { Sales } & 300000 & \\\hline \mathrm { Cr } & \text { Cost of goods sold } & & 300000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Opening retained earnings } & 66000 & \\\hline \mathrm { Cr } & \text { Inventory } & & 66000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Income tax expense } & 19800 & \\\hline \mathrm { Cr } & \text { Deferred income tax asset } & & 19800 \\\hline\end{array}$$
D)
$$\begin{array} { | c | l | r | r | } \hline \mathrm { Dr } & \text { Sales } & 300000 & \\\hline \mathrm { Cr } & \text { Cost of goods sold } & & 300000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Opening retained earnings } & 44000 & \\\hline \mathrm { Cr } & \text { Inventory } & & 44000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Income tax expense } & 13200 & \\\hline \mathrm { Cr } & \text { Opening retained earnings } & & 13200 \\\hline\end{array}$$