King Corporation owns 85% of James Company. King uses the equity method to account for its investments. During 2023 . King sells inventory to James for $50,000. The inventory originally cost King $42,000. On December 31,2023,25% of the goods were still in James' inventory.. Required: Prepare the Consolidation Entry Tl and Consolidation Entry G for the consolidation worksheet. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). King Corporation owns 85% of James Company. King uses the equity method to account for its investments. During 2023 . King sells inventory to James for $50,000. The inventory originally cost King $42,000. On December 31,2023,25% of the goods were still in James' inventory.. Required: Prepare the Consolidation Entry Tl and Consolidation Entry G for the consolidation worksheet. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)