Mope Corporation acquired 100% of the common shares of Soap Inc. on January 1, 2024. There was no goodwill or fair value differentials at acquisition. Both companies have a December 31 year end and pay tax at a rate of 20%. On April 15, 2024, Soap sold a parcel of land to Mope for $550,000. The carrying value of the land was $350,000. Mope immediately began building a manufacturing facility on the land. The facility opened on November 1, 2025. Based on this information, what adjustments are required in the December 31, 2025 consolidated statement of financial position? Question 3 options: Decrease land by $350,000 Increase land by $200,000 Decrease land by $200,000 No adjustment is required on the statement of financial position since the sale occurred in 2024