8. Patti Corp. has several subsidiaries (Aeta, Beta, and Gaeta) that are included in its consolidated financial statements. In its 12/31/16 separate balance sheet, Patti had the following intercompany balances before eliminations: Debit Credit Current Receivable due from Aeta $ 40,000 Noncurrent Receivable due from Beta 100,000 Cash Advance to Beta 26,000 Cash Advance from Gaeta $75,000 Intercompany Payable to Gaeta 40,000 a. In its 12/31/16 consolidated balance sheet, what amount should Patti report as intercompany receivables? $166,000 b. $51,000 c. $26,000 d. $0 9. On January 1, 2016, Poe Corp. sold a machine for $900,000 to Saxe Corp. its wholly-owned subsidiary. Poe paid $1,100,000 for this machine. On the sale date, accumulated depreciation was $250,000. Poe estimated a $100.000 salvage value and depreciated the machine on the straight-line method over 20 years , a policy that Saxe continued. In Poe's December 31, 2016, consolidated balance sheet, this machine should be included in cost and accumulated depreciation as Accumulated Depreciation a. S1,100,000 $300,000 b. SI,100,000 $290,000 Cost c. $ 900,000 $ 40,000 d. $ 850,000 $ 42,500