7. Parent Company owns all of the outstanding shares of Sub Inc. On January 1, 2016, Parent Co sells Sub Inc an office building that had an initial cost of $200,000 and accumulated depreciation of $100,000 for $150,000. Both Parent Co and Sub Inc believed the building to have a remaining life of 20 years January 1,2016 a. Record the elimination entry required for this transaction at the end of 2016 including any potential impact to depreciation. Include the parent and sub's entries for partial credit. (TA & ED Entries). Parent Sub Elim b. Record the elimination entry required for this transaction at the end of 2017 assuming that Parent Company still holds the machinery. (*TA & ED Entries) Parent Sub Elim c. Assume that Sub Company sells the Building on January 1, 2018, for $150,000. Record the elimination entry required for this transaction at the end of 2018. Parent Sub Elim d. What entry if any is needed in 2019 related to this transaction Parent Sub Elim