33 In 2014, P Corporation sold land to its subsidiary, S Corporation, for $38,000. It had a book value of $24,000. In the next year, S corp sold the land for $41,000 to an unaffiliated firm. Which of the following is correct? 2 out of question Select one: O a. A consolidation working sheet entry was required only if the land as held for resale in 2014 b. A consolidation working sheet entry is required only if the subsidiary was less than 100% owned in 2014 C. A consolidation working sheet entry is required each year that s co has the land e d. No consolidation working sheet entry is required for this transaction in 2014