Journalize the following transaction for both the parent and the subsidiary: Q8 Corporation, a Kuwait based company (Functional currency the KWD), had the following transactions with its parent Bahraini company (Functional currency the BDD):

1. January 1, 2020: Sale of equipment (E1) for 100,000 KWD on account. Credit terms: Full payment in 6 months. Interest: 6% per annum.
2. October 1, 2020: Sale of additional equipment (E2) for 200,000 KWD payment received by electronic transfer
3. December 31, 2020: what would be the amount of depreciation expense in the consolidated financial statement for the equipment (E1 & E2). Use straight-line, no residual value, useful life 5 years. Indicate which method you are using

Additional information:

Exchange rates for KWD against BHD January 1, 2020: 1KWD = 1.24000 BHD;

June 1, 2020: 1KWD = 1.2420 BHD;

July 1, 2020: 1KWD = 1.2290 BHD;

October 1, 2020; 1KWD = 1.2500 BHD

December 1, 2020; 1KWD = 1.2000 BHD.