1. In 2014, Pop Corporation sold land that cost $20,000 to Minang Corporation, its 80 percent-owned subsidiary, for

$30,000. Minang still owns the land at December 31, 2017. How will this transaction affect the consolidated account at December 31, 2017?

a Credit to gain on sale of land for $10,000 b Debit to Investment in Minang account for $10,000 c Credit to income from Minang for $10,000 d None of the above