Stark Company, a 90% owned subsidiary of Parker, Inc. sold land to Parker on May 1, 2012, for $80,000. The land originally cost Stark $85,000. Stark reported net income of $200,000, $180,000, and $220,000 for 2012, 2013, and 2014, respectively. Parker sold the land purchased from Stark in 2012 for $92,000 in 2014.

Which of the following will be included in a consolidation entry for 2013?

Credit land for $5,000.

Debit retained earnings for $5,000.

Credit investment in subsidiary for $5,000.

Credit retained earnings for $5,000.

Debit investment in subsidiary for $5,000.