2) Suntop Corporation is an 80% owned subsidiary of Pentop Corporation, acquired for $240,000 on January 1, 2021. (6 Marks) - Investment Cost was equal to book value and fair value. - Suntop's net income in 2021 was \$ 60,000 and Pentop's income, excluding its income from Suntop, was 80,000 . - Pentop's income includes a $12,000 unrealized gain on land that cost $42,000 and was sold to Suntop for $54,000. - Assume that Suntop sold the land in 2023 for $60,000. - Assume Pentop adjust for this transaction in the equity accounts. Required: 1) What Entries would Pentop make in 2021 and 2023 ? 2) Prepare the Consolidation Entries at December 31, 2021, December 31, 2022 and December 31, 2023