Grey Corp owns 100%of Blue Company.On January 1,2017Grey sold Blue a machine for $66,000.Immediately prior to the sale,the machine was recorded on Grey's books at a net book value of $25,000.Prior to the sale,Grey was depreciating the machine on a straight-line basis with 9years of remaining life and no salvage value. Blue plans to adopt the same depreciation assumptions as Grey.What elimination adjustments with respect to this sale must be made toconsolidated net income in 2018(ignoringincome tax effects)?