Sorrow Limited is an 80%-owned subsidiary of Parks Corporation, a manufacturer of industrial equipment. In 2007, Sorrow purchased a grummling machine from Parks for $100,000. Parks had manufactured the machine at a cost of $60,000. Sorrow uses straight-line depreciation over a 10-year period for its erummling machines, and follows the practice of depreciating its assets by one half year in both the year of acquisition and the year of disposal. No salvage value is assumed. Single assets accounting (that is, not group depreciation) is used. Sorrow used the machine in its productive operations from 2007 to 2020, in which year it was sold for scrap for $1,000.

Required:

Prepare the adjustments that would be necessary in each of 2007, 2008, 2012, 2019, and 2020 for the grummling machine when preparing Parks Corporation's consolidated financial statements.