Victory Co. owned 90% of the voting common stock of Walker Co. On January 3, 2022, Victory sold equipment to Walker for $160,000. The equipment cost Victory $180,000. At the time of the transfer, the balance in accumulated depreciation was $36,000. The equipment had a remaining useful life of eight years and a zero salvage value. Both entities use the straight-line method of depreciation.

At what amount should the equipment (net of depreciation) be included in the consolidated balance sheet dated December 31, 2022?

$140.000

$132.800

$127.800

$126.000

ity it 4.060 1111,100 1136,00