Frazer Corporation purchased 60 percent of Minnow Corporations voting common stock on January 1, 20X1. On December 31, 20X5, Frazer received $297,000 from Minnow for a truck Frazer had purchased on January 1, 20X2, for $367,000. 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.)

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.)