Albion Corporation holds 90 percent ownership of Andrews Company. On July 1, 20X3, Albion Corporation sold equipment that it had purchased for \(\$ 30,000\) on January 1, 20 X1, to Andrews Company for \(\$ 28.000\). The original six-year estimated total economic life of the equipment remains unchanged. Both companies use straight-line depreciation. The residual value of the equipment is considered negligible.

\section*{Required}

a. Give the eliminating entry or entries in the consolidation workpaper prepared as of December \(31,20 \times 3\), to remove the effects of the intercompany sale.

b. Give the eliminating entry or entries in the consolidation workpaper prepared as of December \(31,20 \times 4\), to remove the effects of the intercompany sale.