Paragraph $5$ On January $1,2023,$ Parent sold old equipment with a historical cost of $$50,000$ and accumulated depreciation of $$30,000$ to the Subsidiary for $$16,000.$ Subsidiary began using the equipment on January $1,2023,$ the equipment had an estimated useful life of eight years.

Equipment Parent BS $125,000$ Sub BS$190,000$

A$/$D$-$Equip $-37,500-57,000$

Equipment under Capital Lease Sub Bs $204,110$

A$/$D $-$ Equipment under Lease Sub Bs$-81,644$

Minimum Lease Receivable Parent Bs$120,000$

Make all of the entries pertaining to intercompany sales of equipment