Consolidation Eliminating Entries Over Time An acquisition takes place on January 1, 2021. At December 31, 2021, you observe the following consolidation eliminating entries: Property and equipment and identifiable intangibles revaluations are written off on a straight-fine basis, no residual value. Additional Boodwill impairment losses of $500,000 are reported in 2024. Except for the inventories, none of the revalued assers are sold in future years. Required Prepare consolidation eliminating entries (R) and (O) on a. December 31, 2022 (2 years after acquisition) Enter numerical answers using all zeros (do not abbreviate figures to thousands or millions) b. December 31,2025 ( 5 years after acquisition) - Not all journal entry rows may be needed. Select "No entry" as your answer if additional debit or credit entries are not required and leave the corresponding numerical answer blank (zero). - Enter numerical answers using all zeros (do not abbreviate figures to thousands or millions). c. December 31,2041 (21 years after acquisition) c. December 31,2041 (21 years after acquisition) - Not all journal entry rows may be needed. Select "No entry" as your answer if additional debit or credit entries are not required and leave the corresponding numerical answer blank (zero). - Enter numerical answers using all zeros (do not abbreviate figures to thousands or millions)