Assume that in 2020, a parent company sells equipment that has a remaining life of 10 years to one of its subsidiaries. The parent recorded gains on the sale of equipment in its own books in 2020. How will each of the following accounts be adjusted in the consolidation worksheet at the end of 2022 Retained Earnings - Parent Debited Retained Earnings - Subisidiary Debited Equipment Credited Gain on Sale of Equipment Debited