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 equity method to account for its investment in Abreau. What is the balance in the pre-consolidation Income (loss) from Subsidiary account for 2017?

Select one:

A. 540,000

B. 657,000

C. 971,000

D. 611,000