Please explain both answers

BV) 9, Parent acquired an 80% interest in Sub two ye of Sub. ars ago at an Implied FMV equal to theBook Value On January 2, 2014, Sub sold equipment with a five-year remaining life to Parent for a gain of Sub reports Net Income of $900,000 for 2014 and pays dividends of $300,000. P's Equity from Sub's Income for 2014 is: A. $720,000. B. $604,800 C. $576,000. D. $864,000 10. On January 1, 2013, Parent sold Equipment with a 3-year remaining life and a Book Value (BV) of $100,000 to its 70% owned Sub fora price of SI 15,000 in the consolidated work papers CWP) for the yea ended December 31, 2014, an elimination entry (WPE) for this transaction will include a: A. debit to Equipment for $15,000. B. debit to Gain on Sale of Equipment for $15,000 C. credit to Depreciation Expense for $15,000. D. debit to Accumulated Depreciation for $10,000