Elvis Company Purchases Inventory for $70,000 on Mar 19,2008 and Sells

Elvis Company purchases inventory for $70,000 on Mar 19,2008 and sells it to Graceland Corporation for $95,000 on May 14,2008.Graceland still holds the inventory on December 31,2008,and determines that its market value (replacement cost) is $82,000 at that time.Graceland writes the inventory down from $95,000 to its lower market value of $82,000 at the end of the year.Elvis owns 75 percent of Graceland.
-Based on the information given above,what amount of inventory should be eliminated in the consolidation workpaper for 2008?

A) $15,000
B) $14,000
C) $12,000
D) $13,000