A subsidiary provided services to its parent during the current year, at a cost of $120,000. The subsidiary charged the parent $200,000 for the services. On the years consolidated income statement, what should be reported with respect to this information?

Select one:

a. Only service revenue, $200,000

b. Only service expense, $120,000

c. Service revenue $200,000 and service expense $120,000

d. Only service expense, $200,000