A parent owns 80% of its subsidiary's voting stock. At the end of the year, the subsidiary's ending inventory includes $15,000 in unconfirmed profit on merchandise purchased from the parent. The subsidiary's beginning inventory included unconfirmed profit of $10,000 on merchandise purchased from the parent. The parent's ending inventory includes $40,000 in unconfirmed profit on merchandise purchased from the subsidiary. The parent's beginning inventory included $35,000 in unconfirmed profit on merchandise purchased from the subsidiary. Consolidation eliminating entries (1) related to this information include a debit to the subsidiary's beginning retained earnings in the amount of Select one: O a. $28,000 O b. $ 8,000 O c. $35,000 O d. $10,000