D. ILU,VOU ParentCo owned 100% of SubCo for the entire year, and both co 100% of SubCo for the entire year, and both companies use the accrual method of tax accounting. During the year, SubCo purchased $20,000 of supplies from Par SubCo purchased $20,000 of supplies from ParentCo. In addition, SubCo provided Internal audit services to ParentCo, which were worth $40,000. Including these which were worth $40,000. Including these transactions, ParentCo's separate consolidated taxable income for the year? 000, and SubCo's separate taxable income was $100,000. What is the group's a. $215,000 100,000 b. $195,000 c. $175,000 d. $155,000 75,000 75,000 12. Which of the following is an administrative source of tax law? a. Rev. Rul. 2010-19. b. Joint Conference Committee Report c. Section 12(a) of the Internal Revenue Code. d. All of these.. e. None of these