Dunn Corporation owns 100 percent of Grey Corporation's common stock. On January 2,2017, Dunn sold to Grey $47,950 of machinery with a carrying amount of $33,250. Grey is depreciating the acquired machinery over a five- year remaining life by the straight-line method. The net adjustments to compute 2017 and 2018 consolidated net income would be an increase (decrease) of Multiple Choice 812076 2018 $2,940 s (11,760) 2017 s (11,760) 2018 8240,70 2018 (14,700) 2018 $2,940 2017 (14,700)