SOLVE ALL PARTS RELATED TO THE PROBLEM TO FULLY SOLVE!!!!

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). Annual depreciation expense-subsidiary $ Annual depreciation expense-parent 0 $ 0 b. Compute the pre-consolidation Gain on Sale recognized by the subsidiary during 2017. $ 0 c. Prepare the required [I] consolidation journal entry in 2017 (assume a full year of depreciation). Consolidation Worksheet Description Debit Credit [lgain] 0 Equipment 0 0 0 0 [ldep] 0 0 0 0 d. Now assume that you are preparing the year-end consolidation journal entries for the year ending December 31, 2019. Prepare the required [I] consolidation journal entries during the holding period. Consolidation Worksheet Description [lgain] Investment in subsidiary Debit Credit 0 0 0 0 0 0 [ldep] 0 0 0 0 Check