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.

How is Parents 2021 equity in net income of Subsidiary affected by the intercompany sale of land?

Group of answer choices

$1,500 decrease

$2,000 decrease

$1,500 increase

$2,000 increase