Pop Corporation acquired $100\%$ of the common shares of Shoppe Inc. on January $1,2024.$ There was no goodwill or fair value differentials at acquisition. Both companies have a December $31$ year end and pay tax at a rate of $20\%.$ On April $15,2024,$ Shoppe sold a parcel of land to Pop for $$550,000.$ The carrying value of the land was $$350,000.$ Pop immediately began building a manufacturing facility on the land. The facility opened on November $1,2025.$ Based on this information, what adjustments are required in the December $31,2025$ consolidated statement of financial position?

Question $2$ options:

Decrease land by $$200,000$

No adjustment is required on the statement of financial position since the sale occurred in $2024.$

Decrease land by $$350,000$

Increase land by $$200,000$