TLK Corporation holds 60 percent of Gold's voting shares. Gold reported net income of including the gain on the sale of equipment, and TLK reported income from its own operations of $85,000 for 20X6. There is no change in the estimated economic life of the equipment as a result of the intercompany transfer. 3. In the preparation of the 20X6 consolidated income statement, depreciation expense will be a. Debited for $5,000 in the consolidation entries. b. Credited for $5,000 in the consolidation entries. c. Debited for $13,000 in the consolidation entries. d. Credited for $13,000 in the consolidation entries