Snow Company is a wholly-owned subsidiary of Penguin Corporation.  On January 1, 2011, Penguin transferred equipment to Snow for $195,000.  The equipment had originally cost $250,000, but at the time of transfer, had a $180,000 book value and a five-year remaining life.  Both companies use the straight-line method of depreciation and assume no salvage value for the equipment.

Required:  Prepare the consolidation worksheet entries for this asset on the following dates:

1. December 31, 2011

2. December 31, 2012

3. December 31, 2013