A Parent's Beginning Inventory Contains $10,000 in Unconfirmed Profits on Goods

A parent's beginning inventory contains $10,000 in unconfirmed profits on goods purchased from its subsidiary. The subsidiary's beginning inventory contains $8,000 in unconfirmed profits on goods purchased from its parent. The parent owns 80% of the subsidiary. By what amount is consolidated net income to the controlling interest increased by confirmation of profits on beginning inventories?

A) $16,000
B) $14,400
C) $18,000
D) $11,600