On January 1, 2018, a 75%-owned Subsidiary company sold to its Parent company for $430,000 a parcel of land that had cost the Subsidiary $428,000. On March 2, 2021, Parent company sold the land to an outside company for $433,000.

Working paper eliminating entries for the year ended December 31, 2019 would include

Group of answer choices

a debit of $2,000 to Retained Earnings.

a debit of $2,000 to Investment in Subsidiary.

a credit of $5,000 to Land.

a debit of $2,000 to Land.