Blue holds 100% of the outstanding shares of Black. On January 1, 2014, Blue transferred equipment to Black for $190,000. The equipment had cost $260,000 originally but had a $100,000 book value and a five-year remaining life on the date of transfer. The equipment was to be depreciated using the straight-line method with no salvage value. 1. Prepare the required worksheet entries needed in connection with the consolidation of this asset on December 31, 2014. 2. Prepare the required worksheet entries needed in connection with the consolidation of this asset in December 31, 2016. 3. Prepare the required worksheet entries needed in connection with the consolidation of this asset in December 31, 2017.