Par owns 88.01% of Sub Corp. Par sold depreciable assets to Sub on January 1, Year 3, at a before-tax gain of $38,361. On January 1, Year 4, Sub sold depreciable assets to Par at a before-tax gain of $76,723. Both assets are being depreciated over ten (10) years. The tax rate for both companies is 28.59%. How much after-tax intercompany gain or loss was realized during Year 4 from Sub's sale of assets to Par in Year 4?

a.

$5,618

b.

$5,226

c.

$5,487

d.

$5,095

e.

$5,357