On January 1, 2020, Combs Corporation sold a tract of land to its 100% owned subsidiary, Tiniton, Inc., for $550,000. The land originally cost Combs $440,000. Tiniton reported net income of $270,000 and $305,000 for 2020 and 2021, respectively. Combs received dividends from Tiniton of $35,000 and $36,000 for 2020 and 2021, respectively. Assume that Combs uses the cost method to account for its investment in Tiniton. What is the balance in the pre-consolidation Income (loss) from Subsidiary account for 2021?

Select one:

A. $ 36,000

B. $269,000

C. $305,000

D. $ 32,000