b. What amount of gain or loss on sale of land should be reported in the consolidated income statement for 203 ? c. What amount of income should be assigned to the controlling shareholders in the consolidated income statement for 203 ? Prepare the consolidation entry related to the land that should appear in the worksheet used to prepare consolidated financial statements for 203. 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 gains and loss on the land transfer. Note: Enter debits before credits. b. What amount of gain or loss on sale of land should be reported in the consolidated income statement for 203 ? c. What amount of income should be assigned to the controlling shareholders in the consolidated income statement for 203 ? Prepare the consolidation entry related to the land that should appear in the worksheet used to prepare consolidated financial statements for 203. 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 gains and loss on the land transfer. Note: Enter debits before credits