- Lane co. own 70% of Stings stock. On 1/1/x1, Lane loaned Sting 100,000. Under the loan terms, Sting will pay 4% interest and the will repay the loan principle on 1/1/X4. Assume you are consolidating the TB of Lane and Sting on 12/31/X1. Which of the following Consolidation TB WS entries should be made? a. Int exp 2800 Int. income 2,800 b. Int exp 4000 Int. income 4,000 C. Int income 2800 Int. exp 2,800 d. Int income 4,000 Int. exp 4,000 e. None of the above