PROBLEM V: INTRA-ENTITY DEPRECIABLE ASSET TRANSFER (8 POINTS): Pit Corporation owns 90% of Stop Company's outstanding common stock. On 01/01/20, Pit sold a used piece of equipm Stop in exchange for $184,000 cash. Pit's original cost of the equipment was $750,000 and accumulated depreciation at 01/01/20 was $590,000. The remaining life of the equipment is 10 years, and Stop will use that same useful life. Both companies use the straight-line method of depreciation. REQUIRED: 1. Prepare the journal entries that would be recorded on Pit's and Stop's books during 2020. (3 POINTS) 2. Prepare the 12/31/20 consolidation worksheet entry related to this transaction. (5 POINTS) BE SURE TO CLEARLY SHOW YOUR WORK IN ORDER TO GET CREDIT FOR YOUR ANSWERS