On January 1, 2013, Musial Corp. sold equipment to Matin Inc. (a wholly-owned subsidiary) for $168,000 in cash. The equipment originally cost $140,000 but had a book value of only $98,000 when transferred. On that date, the equipment had a five-year remaining life. Straight line depreciation is used. Musial earned $308,000 in net income in 2013 (not including any investment income) while Matin reported $126,000.

Required: What consolidation entry is necessary relating to the equipment sale for 2013? What consolidation entry is necessary relating to the equipment sale for 2016?