P owns 60% of S. On January 1, 2022, S sold equipment to P for $675,000. S originally bought the equipment on January 1, 2019 for $600,000. At January 1, 2019, it was expected to have a total useful life of 15 years and this total useful life did not change when sub sold it to the parent. What is the $ total impact of the elimination entries necessary to eliminate this intercompany transaction on December 31, 2022 net income?