Gulko owns 60% of Larsen. In 2012 Gulko reports Sales of $4,000,000 includes 3rd party sales of $3,500,000 and intercompany sales of $500,000. L reports intercompany sales of $200,000 and total sales of $700,000. How m Consolidated Sales. 3. arsen uch is Hand owns 90% of Finger. In 2008, Hand purchased Land from third parties for $500,000. On January 1, 2012 Hand sells Land to Finger for $800,000. Finger holds the Land until December 31, 2015 and sells it for $2,000,000. How much is consolidated gain on sale of Land for the year ended December 31, 2012 4, a. b. How much is consolidated Land at December 31, 2012 c. How much is consolidated gain on sale of Land at December 31, 2015 d. At December 31, 2015 how much is debited to Retained Earnings as part of the necessary worksheet entry at that date