2. Rutgers Co. owned all of the voting common stock of NYU Co. On January 2, 2023, Rutgers sold equipment to NYU for $125,000. The equipment cost Rutgers $160,000. At the time of the transfer, the balance in accumulated depreciation was $40,000. The equipment had a remaining useful life of five years and a $0 salyage value. Both entities use the straight-line method of depreciation. At what amount should the equipment (net of depreciation) be included in the consolidated balance sheet dated December 31, 2024? A) $131,000. B) $96,000. C) $95,000. D) $80,000. E) $85,000