Par owns 90.89% of Sub Corp. Par sold depreciable assets to Sub on January 1, Year 3, at a before-tax gain of $47,409. On January 1, Year 4, Sub sold depreciable assets to Par at a before-tax gain of $94,819. Both assets are being depreciated over ten (10) years. The tax rate for both companies is 31.47%. What is the total amount of after-tax unrealized profit remaining at the end of Year 3?

a.

$26,316

b.

$29,240

c.

$27,778

d.

$28,509

e.

$27,047