In 2016, a wholly-owned subsidiary sold land costing $100,000 to its parent for $140,000. In 2020, the parent sold the land to an outside company for $150,000. On a working paper prepared to consolidate the accounts of the parent and its subsidiary in 2020, the eliminating entry connected with this land sale includes

	A.	a $40,000 credit to gain on sale of land
	B.	a $40,000 debit to the investment in subsidiary account
	C.	a $50,000 debit to beginning retained earnings
	D.	no entry; the land is no longer in the consolidated entity