Addison Company owns 60% of the outstanding stock of Dereck Company. On January 1, 2013, Addison acquired a building with a 10 year life for $450,000; Addison depreciated the building using the straight-line method, assuming no salvage value. On January 1, 2015, Addison sold the building to Dereck for $430,000, Dereck assigned no salvage value to the building.

Required:

Prepare the end of year consolidation entries necessitated by the above transaction.