Camille, Incorporated, sold

$147,000

in inventory to Eckerle Company during 2023 for

$245,000

. Eckerle resold

$109,000

of this merchandise in 2023 with the remainder to be disposed of during 2024.\ Required:\ Assuming that Camille owns 34 percent of Eckerle and applies the equity method, what journal entry is recorded at the end of 2023 to defer the intra-entity gross profit?\ Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.\ Journal entry worksheet\ 1\ Record the entry at the end of 2023 to defer unrealized gross profit.\ Note: Enter debits before credits.

Camille, Incorporated, sold $147,000 in inventory to Eckerle Company during 2023 for $245,000. Eckerle resold $109,000 of this merchandise in 2023 with the remainder to be disposed of during 2024. Required: Assuming that Camille owns 34 percent of Eckerle and applies the equity method, what journal entry is recorded at the end of 2023 to defer the intra-entity gross profit? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Journal entry worksheet Record the entry at the end of 2023 to defer unrealized gross profit