Abba Company owns 100% of Ben Company. During 2019 Ben sold a piece of land to Abba for $10 million dollars. The land originally cost Ben $2 million dollars. To prepare the consolidated financial statements for the year ended December 31, 2020 (the year following the year in which the sale occurred):

		A gain on sale of land of 8 million dollars should be recognized
		No adjustment related to sale of land is needed as the sale occurred in a prior year.
		The Land account should be credited for 8 million dollars.
		The Land account should be credited for 10 million dollars.
		No adjustment related to sale of land is needed as the two companies remained separate legal entities.