............................

Milton Co. owned all of the voting common stock of Walker C0. On January 3, 2020, Milton sold equipment to Walker for $140,000. The equipment cost Clemente $165,000. At the time of the transfer, the balance in accumulated depreciation was $45,000. The equipment had a remaining useful life of five years and a $0 salvage value. Both entities use the straightline method of depreciation. At what amount should the equipment (net of depreciation) be included in the consolidated balance sheet dated December 31, 2021? [3 points] 0 $72,000 0 $95,000 0 $165,000 0 $145,000 0 $48,000