10. On 1/1/16 Peck sells a machine with a $20,000 book value to its subsidiary Shea for $30,000. Shea intends to use the machine for 4 years, which was the remaining life that Peck had at the time of the sale. Neither company had assigned a salvage value to the machine. On 12/31/17 Shea sells the machine to an outside party for $14,000. What amount of gain or loss) for the sale of assets is reported on the consolidated financial statements in 2017? a. b. loss of $6,000 loss of $1,000 gain of $4,000 gain of $14,000 C. d