Problem 5-8 (LO 5-7) Dunn Corporation owns 100 percent of Grey Corporation's common stock. On January 2, 2017, Dunn sold to Grey $63,600 of machinery with a carrying amount of $47,750. Grey is depreciating the acquired machinery over a five-year remaining life by the straight-line method. The net adjustments to compute 2017 and 2018 consolidated net income would be an increase (decrease) of Multiple Choice 2018 2017 $(12,680) 2017 $(15,850) 2018 $3,170 2017 $(12,680) 2018 $3,170 2018 2017 $ (15,850)