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Check my work 3 14.28 points Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20x1 on December 31, 20X5,

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Check my work 3 14.28 points Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20x1 on December 31, 20X5, Pitcher received $210,000 from Softball for a truck Pitcher had purchased on January 1, 20X2 for $300,000. The truck is expected to have a 10-year useful life and no salvage value Both companies depreciate trucks on a straight-line basis Required: a. Prepare the worksheet consolidation entry or entries needed at December 31, 20x5 to remove the effects of the intercompany sale (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Roge Pane view transaction list Aforences Consolidation Worksheet Entries A Record the entry to eliminate the gain on the truck and to correct the asset's basis Check my work 3 b. Prepare the worksheet consolidation entry or entries needed at December 31, 20X6, to remove the effects of the intercompany sale (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list 14.28 Dots BOOK Consolidation Worksheet Entries

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