Ludgate Corporation owns $85\%$ of Dwyer Company. Ludgate uses the equity method to account for its investments. During $2024,$ Ludgate sells inventory to Dwyer for $$400,000.$ The inventory originally cost Ludgate $$340,000.$ At December $31,2024,25\%$ of the goods were still in Dwyer' inventory.

Required:

Prepare the Consolidation Entry TI and Consolidation Entry G for the consolidation worksheet.