Plenny Corporation Sold Equipment to Its 90%-Owned Subsidiary, Sourdough Corp

Plenny Corporation sold equipment to its 90%-owned subsidiary, Sourdough Corp., on January 1, 2014. Plenny sold the equipment for $100,000 when its book value was $75,000 and it had a 5-year remaining useful life with no expected salvage value. Straight-line depreciation is used by both companies. Separate balance sheets for Plenny and Sourdough included the following equipment and accumulated depreciation amounts on December 31, 2014: Consolidated amounts for equipment and accumulated depreciation at December 31, 2014 were respectively

A) $1,125,000 and $255,000.
B) $1,125,000 and $260,000.
C) $1,150,000 and $255,000.
D) $1,150,000 and $260,000.