Paragraph, Inc. bought land in Columbus, Ohio on January 1, 2019, for $50,000. On November 3, 2021, it sold the land to its less-than-wholly owned subsidiary, Sentence Company, for $70,000. Paragraph owns 80 percent of Sentence's voting shares. What will be the worksheet consolidating entry to remove the effects of the intercompany sale of land in preparing the consolidated financial statements for 2021? A. Gain on Sale of Land 20,000 Land 20,000 B. Gain on Sale of Land 16,000 Land 16,000 C. Land 16,000 Gain on Sale of Land 16,000 D. Land 20,000 Gain on Sale of Land 20,000