Short Company acquired 75 percent of the common stock of Justice Enterprises on January 1. 20X6, and paid \(\$ 30,000\) more than book value. The entire amount is assigned to equipment with an economic life of 10 years on the date of acquisition. Short accounts for its investment in Justice using the equity method.

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Give the eliminating entries related to the assignment of the differential that will be made at the end of 20X6 and 20X7 in preparing consolidated statements.