Par owns 91.37% of Sub Corp. Par sold depreciable assets to Sub on January 1, Year 3, at a before-tax gain of $48,917. On January 1, Year 4, Sub sold depreciable assets to Par at a before-tax gain of $97,835. Both assets are being depreciated over ten (10) years. The tax rate for both companies is 31.95%. 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.

$4,389

b.

$4,274

c.

$4,620

d.

$4,158

e.

$4,505