Check my work 5 14.28 points Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20X1. on January 1, 2005, Pitcher received $245,000 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: 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 fleld.) ok Pint View transaction list Hetarence Consolidation Worksheet Entries A B Record the entry to eliminate the gain on the truck and to correct the asset's basis. Check my wor 5 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.) 14.28 pos view transaction list oflook Consolidation Worksheet Entries Print References B > Record the entry to eliminate the gain on the truck and to correct the asset's basis. Note: Enter debits before credits Accounts Debit Credit Event 1