5 Help Save & EN Submit Check my werk Padre holds 100 percent of the outstanding shares of Sonora. On January 1 2019. Padre transferred equipment to Sonora for $90,000 The equipment had cost $139,000 originally but had a $49,000 book value and five-year remaining life at the date of transfer Depreciation expense is computed according to the straightline method with no salvage value Consolidated financial statements for 2021 Currently are being prepared What worksheet entries are needed in connection with the consolidation of this asser? Assume that the parent oppiles the partie equity method. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) vhow transaction lit Consolidation Worksheet Entries Prepare Entry "TA THAM 0 Ft 58" EP Consolidation Worksheet Entries 1 2 > Prepare Entry *TA d Note: Enter debits before credits. Transaction Accounts Debit Credit os Record entry Clear entry view consolidation entries