Morneau Company, a 100% owned subsidiary of Robertson Corporation, sells inventory to Robertson at a 30% profit on selling price. The following data are available pertaining to inter-company purchases by Robertson:

Inter-company sales:

Unsold at year end (based on selling price):

2016:	$17,600		2016:	$3,200
2017:	$24,300		2017:	$5,700
2018:	$27,000		2018:	$4,800

Morneaus profit numbers were $113,000, $204,000 and $225,600 for 2016, 2017, and 2018, respectively. Robertson received dividends from Morneau of $21,000 for 2016 and 2017, and $25,000 for 2018. Assume Morneau uses the equity method to account for its investment in Robertson. What is the balance in the pre-consolidation Income (loss) from subsidiary account for 2016?

Select one:

A. $112,040

B. $113,960

C. $113,000

D. $ 91,040