A parent sells land to its subsidiary for $40,000 and reports a loss of $5,000. At what amount should the land be shown on the consolidated balance sheet? Select one: O a. $5,000 b. $35,000 c. $40,000 d. $45,000

A parent sells land to its subsidiary for $40,000 and reports a loss of $5,000. At what amount should the land be shown on the consolidated balance sheet? Select one: a. 55,000 b. $35,000 c. $40,000 d. 545,000