On June $30,2022,$ Past Company $($Past$)$ sold some land to its subsidiary, Sloan Ltd$.($Sloan$),$ for $$380,000.$ The land had cost Past $$200,000$ when it was acquired three years previously.The transaction was subject to income tax at a rate of $20\%.$ On April $1,2024,$ Sloan sold the land to an outside party for $$475,000.$This transaction was also subject to income tax at a $20\%$ rate.Past owns $75\%$ of the outstanding shares of Sloan and accounts for its investment using the cost method.On December $31,2023,$ the land account balance in the books of Past is $$300,000$ and in the books of Sloan is $$340,000.$ No acquisition differential was allocated to land. What will be the amount of land in the consolidated balance sheet at December $31,2023?$Multiple ChoiceA$)$$$460,000$B$)$$$820,000.$C$)$$$555,000$D$)$$$640,000$