Frazer Corporation purchased 60 percent of Minnow Corporations voting common stock on January 1, 20X1. On January 1, 20X5, Frazer received $216,000 from Minnow for a truck Frazer had purchased on January 1, 20X2, for $276,000. The truck is expected to have a 10-year useful life and no salvage value. Both companies depreciate trucks on a straight-line basis.

Record the entry to eliminate the gain on the truck and to correct the asset's basis.

Gain on sale	22800
truck	60000
accumulated depreciation		82800

Record the entry to adjust Accumulated Depreciation.

accumulated depreciation	3257
depreciation expense		3257

Prepare the worksheet consolidation entry or entries needed at December 31, 20X6, to remove the effects of the intercompany sale.

Record the entry to eliminate the gain on the truck and to correct the asset's basis.

investment in minnow	xxxx
truck	60000
accumulated depreciation		xxxx

Record the entry to adjust Accumulated Depreciation.

Accumulated depreciation	xxxx
depreciation expense		xxxx

Need help with the last two entries, please explain how to figure this out