In the current year, a $60\%-$owned subsidiary sells land with a book value of $$10,000$ to its parent for $$8,000.$ The parent still holds the land at year$-$end.$$ How are the parent$$s current year equity in net income and consolidated income to the noncontrolling interest affected by this intercompany transaction?

Equity in net income $$Noncontrolling interest in net income

A$.$ $$1,200$ increase$$ $$800$ increase

B$.$ $$1,200$ decrease$$$$800$ decrease

C$.$ $$2,000$ increase$$no effect

D$.$ no effect$$no effect