3. Pen Corporation owned equipment with an original cost of $91,000. On January 1, 2019, Pen sold the equipment to Sen Company (a 60%-owned subsidiary) for a price of $82,600. At the time of the intercompany sale, the equipment had been depreciated for $18,200. The equipment has a remaining useful life of 7 years and is straight-line depreciated. On January 1, 2021, Sen sold the equipment to an outside company for $63,200. (1) Prepare the working paper climinating entry regarding the equipment for the year ended December 31, 2019 (11) Prepare the working paper eliminating entry 1-1 regarding the equipment for the year ended December 31, 2020 (iii) Prepare the working paper eliminating entry regarding the equipment for the year ended December 31, 2021 3. Pen Corporation owned equipment with an original cost of $91,000. On January 1, 2019, Pen sold the equipment to Sen Company (a 60%-owned subsidiary) for a price of $82,600. At the time of the intercompany sale, the equipment had been depreciated for $18,200. The equipment has a remaining useful life of 7 years and is straight-line depreciated. On January 1, 2021, Sen sold the equipment to an outside company for $63,200. (1) Prepare the working paper climinating entry regarding the equipment for the year ended December 31, 2019 (11) Prepare the working paper eliminating entry 1-1 regarding the equipment for the year ended December 31, 2020 (iii) Prepare the working paper eliminating entry regarding the equipment for the year ended December 31, 2021