3. Ping Corporation sold equipment with a five-year remaining useful life to its 80 percent-owned subsidiary, Song Corporation, on January 1, 2014. The equipment’s cost was $300,000, and it was sold for $325,000. What is the amount by which this transaction will affect the consolidated equipment account at December 31, 2016?

a $25,000 b $20,000 c $10,000 d None of the above