Pearblossom Inc. owned 100% of the voting common stock of Sierra Corp. The corporations balance sheets dated December 31, 2018, include the following balances for land: for Pearblossom - $832,000, and for Sierra - $512,000. On the original date of acquisition, the book value of Sierras land was equal to its fair market value. On October 7, 2020, Pearblossom sold to Sierra a parcel of land with a book value of $130,000. The selling price was $166,000. There were no other transactions which affected the companies land accounts during 2020. What is the consolidated balance for land on the 2020 balance sheet?

A. $1,380,000

B. $1,510,000

C. $1,474,000

D. $1,308,000

E. $998,000

F. $1,344,000