Renner Company sold land to Bethany Enterprises, its parent, on June 1, 2020. The sale price was $218,000. The land originally cost Renner $239,000. Renner reported net income of $400,000 and $496,000 for 2020 and 2021, respectively. Bethany sold the land it purchased from Renner for $228,000 in 2022.

What is the balance in the pre-consolidation Income (loss) from Subsidiary account for 2020?

a. 379,000

b.400,000

c. 411,000

d. 421,000

I got answer D but not sure if its right. please help with explanation.