Prime Company acquired 80% of Second Corporation on 1/2019. Fair values of Second's assets and liabilities approximated book values on that date. Prime uses the initial value method to account for its investment in Second. On 1/2020, Prime bought equipment from Second for $60,000 that had originally cost Second $120,000 and had \$ $110,000 of Accumulated depreciation at the time. The equipment had a five-year remaining life and was being depreciated using the straight line method. You are preparing the worksheet for the 2021 fiscal year. c. Which company's Retained earnings account will be adjusted in the TA entry in part a? (Which company was the "initiator" of the transaction?) d. How much excess depreciation will there be in each of the first five years after the transfer? Prime Company acquired 80% of Second Corporation on 1/2019. Fair values of Second's assets and liabilities approximated book values on that date. Prime uses the initial value method to account for its investment in Second. On 1/2020, Prime bought equipment from Second for $60,000 that had originally cost Second $120,000 and had \$ $110,000 of Accumulated depreciation at the time. The equipment had a five-year remaining life and was being depreciated using the straight line method. You are preparing the worksheet for the 2021 fiscal year. c. Which company's Retained earnings account will be adjusted in the TA entry in part a? (Which company was the "initiator" of the transaction?) d. How much excess depreciation will there be in each of the first five years after the transfer