On January 2, 2020, Potash Company sold equipment to its wholly owned subsidiary, Solten Company, for $840,000.The equipment cost $700,000 when acquired by Potash on January 2, 2017 (three years prior to the transfer to Solten).Depreciation has been taken on a straight-line basis based on a useful life of ten years (no salvage value).The straight-line method will continue over the equipment's remaining life.

What are the working paper eliminating entries needed in consolidation at December 31, 2020, and at December 31, 2021, relating to the equipment transfer?Assume Solten still holds the equipment.