A parent has a 90% interest in its subsidiary. The subsidiary sold land at a gain to the parent in the current year. The parent still holds the land. How does this transaction affect equity in net income and noncontrolling interest in net income for the current year, assuming the parent uses the complete equity method to report its investment on its own books?

a. No effect

b. Only affects equity in net income

c. Only affects noncontrolling interest in net income

d. Affects equity in net income and noncontrolling interest in net income.