* You received no credit for this question in the previous attempt You received no credit for View previous s t Jay Inc. owns 80% of lesia Inc. and uses the cost method to account for its investment. The 2020 income statements of both companies are shown below Tesla ) Gross Profit Miscellaneous $100.000 $30,000 $50.000 $20,000 Revenues Losses Depreciation Expense Income Tax Expense Net Income $20.000 $20,000 30.000 15.000 S6.000 $19.000 On January 1, 2020, Tesla sold equipment to Jay at a profit of $3000. The equiment had a remaining useful life of twenty years on that date Both companies are subject to an effective tax rate of 40% The amount of depreciation expense appearing on Jay's 2020 Consolidated Income Statement would be You received no credit for this question in the previous attempt Multiple Choice 515.000 534 880 95.000 $34.550