On January 1, 20X1, Amber Products Corporation sold land costing $200,000 to its subsidiary, Jerry Interiors Corporation, for $240,000. Jerry still held the land at the end of 202. Jerry sold the land to a nonaffiliate on March 31,203, for $255,000. Prepare the consolidation entry related to the land at the end of 202. Debit Land for $40,000; Credit Gain on Sale of Land for $40,000 Debit Investment in Jerry for $40,000; Credit Land for $40,000 Debit Gain on Sale of Land for $40,000; Credit Land for $40,000 Sumbit Land for $40,000; Credit Investment in Jerry for $40,000