In 2014, Parla Corporation sold land to its subsidiary, Sidd Corporation, for $38,000. It had a book value of $24,000. In the next year, Sidd sold the land for $41,000 to an unaffiliated firm. Which of the following is correct?

		A consolidation working paper entry is required each year that Sidd has the land.
		A consolidation working paper entry is required only if the subsidiary was less than 100% owned in 2014.
		A consolidated working paper entry was required only if the land was held for resale in 2014.
		No consolidation working paper entry is required for this transaction in 2014.