Retail Entity Is Holding Goods on Consignment from Wholesale Entity

Retail Entity is holding goods on consignment from Wholesale Entity. According to the contractual arrangement, Retail Entity will receive 20% of the value of any goods sold on consignment from Wholesale Entity. For 20X1, Retail Entity sold $150,000 of merchandise (original cost - $80,000) held on consignment for Wholesale. What is the correct way to account for this transaction?

A) $150,000 - sales revenue; $80,000 - COGS
B) $30,000 - sales revenue; $16,000 - COGS
C) $30,000 - commissions revenue
D) $0 - no revenue has been earned