Question 2 10 points Saved P Company purchased land from its 80% owned subsidiary at a cost of $100,000 greater than it subsidiary's book value T o years later P sold the land to an outside entity for $20,000 more than it's cost. In its current year consolidated income statement P and its subsidiary should report a gain on the sale of land of O A $50,000. O B. $130,000. C. $120,000. D. $150,000