On January 1, 2017, Subsidiary company sold to Parent company for $47,000 a parcel of land that had cost the Subsidiary $50,000. On March 2, 2020, Parent company sold the land to an outside company for $54,000. Working paper eliminating entries for the year ended December 31, 2018 would include

a.a credit of $3,000 to Investment in Subsidiary.

b.a credit of $3,000 to Land.

c.a debit of $7,000 to Land.

d.a credit of $3,000 to Retained Earnings.