_____ on 1/2/06, Poxey Sold Equipment Costing $100,000 to Soxey

_____ On 1/2/06, Poxey sold equipment costing $100,000 to Soxey (a 100%-owned subsidiary) for $48,000. At the time of the sale, the equipment had been depreciated $40,000 (over a 10-year life using straight-line depreciation) . Soxey continued depreciating the equipment by using the straight-line method over a remaining life of 6 years.
What are the cost and accumulated depreciation, respectively, of this equipment in the 12/31/07-not 12/31/06-consolidated balance sheet?

A) $48,000 and $16,000.
B) $48,000 and $20,000.
C) $100,000 and $16,000.
D) $100,000 and $56,000.
E) None of the above.