Iam confused onthis journal entry, I thought gain on sale would be 225,000/7*1= 32,143 but it is not and I am confused. I also am confused on event 2, journal account names are correct.

Frazer Corporation purchased El] percent of Minnow Corporation's voting common stock on January 1, 2mm. On January 1, EDIE, Frazer received $225,Dt]t] from Minnow for a thcls: Frazer had purchased on January 1, 20:61. for i. The truck is expected to have a 1ti-yeer useful life and no salvage value. Both companies depreciate trucks on a straightline basis. Required: a. Prepare the worksheet consolidation entry or entiies needed at December 31, ZDXE, to remove the effects of the intercompany sale. [If no entry is required for a transactionlevent, select "No journal entry required" in the rst account field.} view transaction list transaction list 6) - l_-_