Padre holds $100$ percent of the outstanding shares of Sonora. On January $1,2019,$ Padre transferred equipment to Sonora for $$122,000.$ The equipment had cost $$152,000$ originally but had a $$62,000$ book value and five$-$year remaining life at the date of transfer. Depreciation expense is computed according to the straight$-$line method with no salvage value.

Consolidated financial statements for $2021$ currently are being prepared.

What worksheet entries are needed in connection with the consolidation of this asset? Assume that the parent applies the partial equity method.