Diller owns 80% of Lake Company common stock. During October 2016, Lake sold merchandise to Diller for $300,000. On December 31, 2016, one-half of this merchandise remained in Diller's inventory. For 2016, gross profit percentages were 30% for Diller and 40% for Lake. The amount of unrealized profit in the ending inventory on December 31, 2016 that should be eliminated in consolidation is ____. a. $80,000 b. $32,000 c. $30,000 d. $60,000