Prompt Company acquired 60% of Slow Corporation on 1/2018. Fair values of Slow's assets and liabilities approximated book values on that date. Prompt uses the initial value method to account for its investment in Slow. On 1/2020, Prompt bought equipment from Slow for $60,000 that had originally cost Slow $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. a. Was this equipment sale upstream or downstream? b. How much excess depreciation will there be in each of the first five years after the transfer? c. How much unrealized net gain from the equipment transfer remains at the beginning of 2021? (This is the amount you will need for the *TA entry.) d. Which company's Retained earnings account will be adjusted in the "TA entry in part c? (Which company was the "initiator" of the transaction?) e. Prompt's 2021 net income, without including any investment income, was $ 440,000 and Slow reported net income of $ 137,000 in 2021. What consolidated income will be reported before removing the noncontrolling interest's share of the subsidiary's net income? (This includes the effect of the ED entry.) f. What will the noncontrolling interest's share of the subsidiary's net income be for 2021? (Consider whether the equipment sale had been upstream or downstream.)