Parent Corporation acquired 80 percent of the outstanding voting stock of Sub, Inc., on January 1 , 2021 , when Sub had a net book value of $500,000. Any excess fair value was assigned to patents and amortized at a rate of $10,000 per year for eight years. 2022 net income and dividends for the parent before consideration of its relationship with Sub (and before adjustments for intra-entity sales) and for the sub are below: Inventory balances from the two companies' 12/31/2022 balance sheets were as follows: Intra-Entity Sales: - 2021: Intra-entity sales of $125,000 with an original cost of $47,500 were made. 50% of this inventory was held by the consolidated company as of 12/31/2021. - 2022: Intra-entity sales of $100,000 with an original cost of $35,000 were made. 25% of this inventory was held by the consolidated company as of 12/31/2022. Assume that no intra-entity inventory or land sales occurred between Parent and Sub. Instead, on January 1, 2021, Sub sold equipment to Parent for $71,000 cash. The equipment's original cost to Sub was $95,000 and the book value was $65,000 on date of sale. At the time of sale, the equipment had a remaining useful life of five years. i. Prepare the worksheet entries for a December 31, 2021, consolidation of these two companies to eliminate the impact of the intra-entitv transfer. ii. How much of the gain on sale of equipment has been recognized by the consolidated entity as of 12/31/2022 ? iii. Determine the noncontrolling interest's share of Sub's net income for the year ended 12/31/2021