A wholly-owned subsidiary sells merchandise to its parent at a 20% GPR (gross profit rate). In 2018, the parent paid $725,000 for merchandise received from the subsidiary. By year-end 2018, the parent has sold $600,000 of the merchandise to outside customers for $900,000, but still holds the other $125,000 in its ending inventory. The parent uses the complete equity method to record its investment in subsidiary on its own books. What is the impact of the above information on the parent's account of "Equity in Subsdiary Net Income" for 2018? Multiple Choice Subtract $25,000 Subtract $100,000 Add $100,000 Add $25,000