9. During the fiscal year ended March 31, 2006, Puritan Corporation sold merchandise costing $120,000 to its 75%-owned subsidiary, Separatist Company, at a gross profit rate of 40%. In the relevant working paper elimination (in journal entry format) on March 31, 2006, Intercompany Sales—Puritan is debited for:

a. $156,000.

b. $168,000.

c. $180,000.

d. $200,000.

e. Some other amount.