Question 34 Not yet answered Marked out of 10.00 On April 1, 2020, Republic Company sold equipment to its wholly owned subsidiary, Barre Corporation, for $40,000. At the time of the transfer, the asset had an original cost (to Republic) of $60,000 and accumulated depreciation of $25,000. The equipment has a five year estimated remaining life. Barre reported net income of $250,000, $ 270,000 and $310,000 in 2020, 2021, and 2022, respectively. Republic received dividends from Barre of $90,000, $105,000 and $120,000 for 2020, 2021, and 2022, respectively. Assume that Republic uses the equity method to account for its investment in Barre. What is the balance in the pre- consolidation Income (loss) from Subsidiary account for 2021? Select one: A. $270,000 a B. $266,000 o C. $271,000 O D. $166,000