ParentCo owned $100\%$ of SubCo for the entire year, and both companies use the accrual method of tax accounting. During the year, SubCo provided internal audit

services to ParentCo, which were worth $$40,000.$ Including these transactions, ParentCo's separate taxable income was $$75,000,$ and SubCo's separate taxable

income was $$100,000.$ What is the group's consolidated taxable income for the year?

a$.$ $$175,000$

b$.$ $$195,000$

c$.$ $$155,000$

d$.$ $$215,000$