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Pam Corporation hots 70 percent ownership of Spray Enterprises. an December 31. 20X6. Spray paid Pam $34,000 for a truck that Pam had purchased for S3g,OOC on January I. 20X2 The truck was considered to have a 10-year life from January I. 20X2. and no residual value. 30th companies depreciate equipment using the straight-Line method. Regulred: a. Prepare the worksheet consolidation entry or entries needed on December 31. 20X6. to remcwe the effects of the intercompany sa'e. Note: If no entry Is requlred for transectlon/event, select "No Journal entry regulred" In Mie first account meld. Consolidation Worksheet Entries entry to ell Nate: debits gain truck to c.t