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.

(i) Prepare the working paper eliminating entry regarding the equipment for the year ended December 31, 2019.

(ii) Prepare the working paper eliminating entry I-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.