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A parent company sells land to a subsidiary during 2021 for $226,800. The book value of the land is $159,000. The land is then sold

A parent company sells land to a subsidiary during 2021 for $226,800. The book value of the land is $159,000. The land is then sold to an outside unaffiliated company for $303,000 in 2025.

A. Prepare the consolidated entry related to the land sale for 2021.

B. Prepare the consolidated entry related to the land sale for 2022.

C. Prepare the consolidated entry related to the land for 2025.

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