Shaw Company sold land to Crawford Enterprises, its parent, on June 1, 2016. The sale price was $109,000. The land originally cost Shaw $115,400. Shaw reported net income of $287,000 and $326,000 for 2016 and 2017, respectively. Crawford sold the land it purchased from Shaw for $113,600 in 2018. What is the balance in the pre-consolidation Income (loss) from Subsidiary account for 2016?

Select one:

A. 293,400

B. 287,000

C. 396,000

D. 280,600