In 2014, a subsidiary sold land costing $1,000,000 to its parent for $1,400,000. In 2018, the parent sold the land to an outside company for $1,500,000. What is the gain on sale of land, reported on the consolidated income statement for 2018?

a. 100,000

b. 500,000

c. 400,000

d. 900,000