On January 1, X1, SM creates a new entity named Subsidiary. During X2, SM transfers land to Subsidiary, the book value of which was $ 45,000, for the sum of $ 100,000 paid in cash.

Results: SM reported comprehensive income of $ 100,000 and $ 110,000, Subsidiary of $ 60,000 and $ 40,000 for fiscal years X2 and X3, respectively. RND: The RND balance at December 31, X3 amounts to $ 350,000 for SM and $ 250,000 for Sub.

What will be the consolidated result of X2 if we assume that the land in question is sold by a Subsidiary to an independent third party in X2?