On January 1, 2021. K Co sold equipment to its subsidiary, H Corp. for $125,000. The equipment had cost $150,000, and the balance in accumulated depreciation was $70,000. The equipment had an estimated remaining useful life of eight years and no salvage value. Both companies use straight-line depreciation on their separate 2021 Income statements, K Co and H Corp, reported depreciation expense of $86,000 and $64,000, respectively. The amount of depreciation expense on the consolidated income statement for 2021 would have been Multiple Choice $155.625 $144 375 $155.625. $144,375 O $165.625. O $150,000. $134,375