Preparing the [I] consolidation journal entries for sale of depreciable assets - Equity method Assume on January 1,2017 , a wholly owned subsidiary sells to its parent, for a sale price of $132,000, equipment that originally cost $180,000. The subsidiary originally purchased the equipment on January 1, 2013, and depreciated the equipment assuming a 12 -year useful life (straight-line with no salvage value). The parent has adopted the subsidiary's depreciation policy and depreciates the equipment over the remaining useful life of 8 years. The parent uses the equity method to account for its Equity Investment. a. Compute the annual pre-consolidation depreciation expense for the subsidiary (pre-intercompany sale) and the parent (post-intercompany sale). b. Compute the pre-consolidation Gain on Sale recognized by the subsidiary during 2017. c. Prepare the required [I] consolidation journal entry in 2017 (assume a full year of depreciation). period. Please answer all parts of the