Parent Corporation owns 80 percent of Subsidiary Corporation's common stock. During October, Subsidiary sold merchandise to Parent for $250,000. At December 31, 40 percent of this merchandise remains in Parent's inventory. Gross profit percentages were 20 percent for Parent and 30 percent for Subsidiary. The amount of unrealized intra-entity profit in ending inventory at December 31 that should be eliminated in the consolidation process is

A. $20,000

B. $75,000

C. $24,000

D. $30,000