11-12 are together

Question 11 4 pts (For questions 11-12) Irvine Corporation is an 80%-owned subsidiary of Fullerton, Inc., acquired by Fullerton several years ago. On January 1, 2019, Fullerton sold land with a book value of $60,000 to Irvine for $90,000. Irvine resold the land to an unrelated party for $100,000 on September 26, 2020. 11. The land will be reported on December 31, 2019, consolidated balance sheet at: $90,000 $60,000 $100,000 O $48.000 Question 12 4. nt MacBook Air O $100000 48,000 Question 12 4 pts 12. The gain from the sale of land that will appear in the consolidated income statements for 2019 and 2020, respectively, is: $0 and $50,000 $0 and $40,000 $30,000 and $40,000 $30,000 and $10,000 Question 13 4 pt MacBook Air