Karlow Corporation owns 60 percent of Draw Company's voting shares. During 20 times 3, Karlow produced 29,000 computer desks at a cost of $86 each and sold 14,000 of them to Draw for $98 each. Draw sold 9,000 of the desks to unaffiliated companies for $146 each prior to December 31, 20 times 3, and sold the remainder in early 20 times 4 for $156 each. Both companies use perpetual inventory systems. Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20 times 3, relating to the intercorporate sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20 times 4, relating to the intercorporate sale of inventory. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20 times 4, relating to the intercorporate sale of inventory if the sales were upstream. Assume that Draw produced the computer desks a a cost of $86 each and sold 14,000 desks to Karlow for $98 each in 3, with Karlow selling 9,000 desks to unaffiliated companies in 20 times 3 and the remaining 5,000 in 20 times 4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)