At the beginning of 2019, a parent sells equipment with a book value of $400,000 to its subsidiary for $500,000. At the time of the sale, the equipment had a remaining life of 5 years, straight-line. The subsidiary sold the equipment to an outside buyer for $470,000 at the end of 2021 (3 years later). The consolidation eliminating entry needed to consolidate the accounts of the parent and subsidiary at the end of 2021 has what effect?

	A.	Increase investment in subsidiary by $60,000
	B.	Increase gain on sale by $60,000
	C.	Reduce equipment (net) by $80,000
	D.	Decrease depreciation expense by $40,000