Company A purchases land for $10,000 and then sells it the next day to its subsidiary, Company B, for $25,000. The land has a fair market value of $30,000 at the time of transfer. Subsequently Company B sell the land to an external party for 40,000. and Company B believes it can sell it in the future for $40,000. What would the correct consolidated journal entry be in the subsequent period to correct for the sale?Company A purchases land for $10,000 and then sells it the next day to its subsidiary, Company B, for $25,000. The land has a fair market value of $30,000 at the time of transfer. Subsequently Company B sell the land to an external party for 40,000. and Company B believes it can sell it in the future for $40,000. What would the correct consolidated journal entry be in the subsequent period to correct for the sale?