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Pam Corporation holds 70 percent ownership of Spray Enterprises. On December 31,206,5 pray poid Pam $31,000 for a truck thot Pom had purchosed for $36,000 on Jonuary 1,202. The truck was considered to have a 15 -yeor life from Jonuary 1,202, and no residuol value. Both companies depreciote equipment using the stroight-line method. Required: a. Prepore the worksheet consolidotion entry or entries needed on December 31,206, to remove the effects of the intercompony sale. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Consolidation Worksheet Entries Record the entry to eliminate the gain on the truck and to correct the asset's basis. Note: Enter debits berare aresite: b. Prepare the worksheet consolidotion entry or entriee needed on December 31,207, to remove the effects of the intercompony sole. Note: Do not round Intemediate calculatlons. If no entry is requlred for a transactlonlevent, select "No journal entry required In the first account field: A Record the entry to etimindte the gain on the truck and to correct the asset's basis. B Record the entry to adjust Accumulated Depreciation