Adonis Corporation and Leeway Corp. are wholly owned subsidiaries of Camden Inc., a calendar year-end U.S. corporation. Adonis and Leeway engage in an intra-entity asset transfer on December 31, 2023, in which Leeway sells intellectual property with a book value and tax basis of $70,000 to Adonis for $100,000. Adonis and Leeway file separate tax returns in different tax jurisdictions. Adonis and Leeway have statutory tax rates of 10% and 20%, respectively. In accordance with ASU 2016-16, 'Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory', how would this transaction be recorded in the consolidated financial statements