Blank corporation owns 60% of grand corporation's voting common stock on December 31, 20X4, blank paid grand $270,000 for dump trucks grand had purchased on January 1, 20X2. Both companies use straight line depreciation. The consolidation entry included in preparing consolidated finacial statement at December 31,20X4,was

Worksheet entry Debite Credit

trucks 30,000

gain on sale of truck s 30000

accumulated depreciation 60,000

requiered

a. prepare the worksheet consolidation entry needed in preparing the consolidated financial statement at December 31,20X5.