Assume that no intra$-$entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January $1,2020,$ Scenic sold equipment $($that originally cost $$180,000$ but had a $$85,000$ book value on that date$)$ to Placid Lake for $$120,000.$ At the time of sale, the equipment had a remaining useful life of five years. What worksheet entries are made for a December $31,2021,$ consolidation of these two companies to eliminate the impact of the intra$-$entity transfer?