Selected information from the separate and consolidated balance sheets and income statements of Pare, Inc. and its subsidiary, Shel Co., as of December 31, 2011, and for the year then ended is as follows:

Pare Shel Consolidated Balance sheet accounts Accounts receivable $ 52,000 $ 38,000 $ 78,000 Inventory 60,000 50,000 104,000 Income statement accounts Revenues $400,000 $280,000 $616,000 Cost of goods sold 300,000 220,000 462,000 Gross profit $100,000 $ 60,000 $154,000 Additional information:

During 2011, Pare sold goods to Shel at the same markup on cost that Pare uses for all sales.

In Pare’s consolidating worksheet, what amount of unrealized intercompany profit was eliminated?

a. $ 6,000

b. $12,000

c. $58,000

d. $64,000