A parent sold land costing $1,000,000 to its subsidiary in 2018 for $1,400,000. The land is still held by the subsidiary. The parent owns 80% of its subsidiary. The eliminating entry necessary for this intercompany transaction on the 2020 consolidation working paper includes:

	A.	A debit to the Investment account for $320,000
	B.	A debit to the Investment account for $400,000
	C.	A debit to retained earnings for $320,000
	D.	A debit to retained earnings for $400,000