Use the following information to answer the next FOUR items American Company acquired 90 percent of the voting common stock of California Company. At the beginning of 2020, California Company sold equipment that had a book value of $75,000 to American Company for $90,000. The equipment had a remaining useful life of 5 years and zero salvage value. Both companies use the straight-line method of depreciation for their equipment. D Question 6 3 pts In the 2021 consolidation worksheet what entry will be necessary to eliminate the gain on sale of equipment? Gain on Sale of Equipment [Choose RE - American [Choose ] RE - California [ Choose] Accumulated Depreciation - Equipment [Choose] Equipment [Choose]