Answer plz

4, Now let us assume that Larry Company owns 80% of the Dawn Company. On January 1, 2023, Larry sold two things to Dawn Company. . / The first thing was some excess land that Larry owns. Larry paid $100,000, but since the value is now $125,000, they sold it to Dawn Company for $125,000. . The second thing is that Larry sold some equipment to Dawn Company. The equipment was purchased for $60,000, had depreciation taken of $25,000, and had a remaining life of 10 years. The equipment was sold for its fair market value of $60,000. Required: a. For the land sale, prepare the consolidation worksheet entries for the consolidation of Larry and Dawn as of December 31, 2023 and 2024, assuming the land remains in the possession of the Dawn Company. b. For the equipment, prepare the consolidation worksheet entries for the consolidation of Larry and Dawn as of December 31, 2023 and 204, assuming the equipment remains in the possession of the Dawn Company