P owns 65% of S common stock. P purchased equipment with a useful life of 10 years on January 1, 20x2, for $180,000. On January 1, 20x8, P sold the equipment to S for $104,000. Both P and S use straight-line depreciation. Prepare, in general journal format, the consolidation entries needed with respect to this transfer as of the end of 20x8 and as of the end of 20x9. Label your answers by year. (You dont need to make the basic consolidation entries for these years). Show your work.