1. Salt owns 90% of Pepper. In 2017 Salt sells Land (carrying value of $250,000) to Spinner for $500,000. Spinner holds the Land until 2020 and then sells it to third parties for $800,000. What consolidation worksheet entry is required in 2020? Show the account names and amounts and how you derive your numbers. Answers: Dr..__ Cr, 1. Salt owns 90% of Pepper. In 2017 Salt sells Land (carrying value of $250,000) to Spinner for $500,000. Spinner holds the Land until 2020 and then sells it to third parties for $800,000. What consolidation worksheet entry is required in 2020? Show the account names and amounts and how you derive your numbers. Answers: Dr..__ Cr