2. On January 1, 2018, a 70%-owned Subsidiary company sold to its Parent company for $183,000 a parcel of land that had cost the Subsidiary $172,000. On March 2, 2021, Parent company sold the land to an outside company for $200,000. How are Parents 2021 equity in net income of Subsidiary and 2021 noncontrolling interest in net income affected by the intercompany sale of land?

Equity in net income Noncontrolling interest in net income

a. $11,000 increase $0

b. $7,700 increase $3,300 increase

c. $11,000 decrease $0

d. $7,700 decrease $3,300 decrease