Answer correctly to all the questions.

Pea Company purchased 70 percent of Split Company's stock approximately 20 years ago. On December 31, 20X8, Pea purchased a building from Split for $360,000. Split had purchased the building on January 1, at a cost of $460,000 and used straight-line depreciation on an expected life of 20 years. The asset's total estimated economic life is unchanged as a result of the intercompany sale. Required: a. What amount of depreciation expense on the building will Pea report for 20X9? b. What amount of depreciation expense would Split have reported for if it had continued to own the building? c. Prepare the consolidation entry or entries needed to eliminate the effects of the intercompany building transfer in preparing a full set of consolidated financial statements at December 31, 20X9_ Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. view transacon list Consolidation Worksheet Entries A a Record the entry to eliminate the gain on the equipment and to correct the asset's basis. Note: Enter debits before credits. Record entry ACc6untS Clear entry consolidation entries