On January 1, 2016, Tilson Corporation sold a tract of land to its 100% owned subsidiary, Abreau, Inc., for $360,000. The land originally cost Tilson $314,000. Abreau reported net income of $540,000 and $611,000 for 2016 and 2017, respectively. Tilson received dividends from Abreau of $65,000 and $72,000 for 2016 and 2017, respectively.

Assume that Tilson uses the cost method to account for its investment in Abreau. Compute the amount of the [ADJ] consolidating entry necessary for 2017.

$429,000

B. $493,000

C. $521,000

D. $475,000