In 2011, Parla Corporation sold land to its subsidiary, Sidd Corporation, for $38,000. It had a book value of $24,000. In the next year (2012), Sidd sold the land for $41,000 to an unaffiliated firm.

The 2011 unrealized gain from the intercompany sale:

	a.	should be eliminated from consolidated net income by a working paper entry that debits land for $14,000.
	b.	should be recognized in consolidation in 2011 by a working paper entry.
	c.	should be eliminated from consolidated net income by a working paper entry that credits gain on sale of land for $14,000.
	d.	should be eliminated from consolidated net income by a working paper entry that credits land for $14,000. is the answer A?