12. A working paper elimination (in journal entry format) debiting Retained Earnings—

Parent and crediting Land—Subsidiary is prepared in the accounting period or periods:

a. Of the sale of the land only.

b. Following the period of the sale of the land only.

c. Both of the sale of the land and following the period of the sale of the land.

d. Neither of the sale of the land nor following the period of the sale of the land.