On January 1, Year 1, Spike Ltd. purchased land from outsiders for $200,000. On December 31, Year 1. Pike Co. acquired all of the common shares of Spike. The fair value of Spike's land on this date was $230,000. On December 31, Year 2. Spike sold its land to Pike for $256.000. On December 31, Year 3. Pike sold the land to an arm's length party for $280,000 Both companies use the cost model for valuing their land and pay Income tax at the rate of 40%. Assume that any gain on sale of land Is fully taxable. The only land owned by these two companies is the land purchased by Spike In Year 1. Required: Determine the account balances for land, gain on sale of land, and income tax on gain for Years 1. 2and 3 for three sets of financial statements (.e., separate-entity statements for Pike and Spike and consolidated statements) by completing the following table: (Leave no cells blank - be certain to enter "0" wherever required. Omit $ sign in your response.) Pike Spike Consolidated $ $ December 31, Year 1 Land Gain on sale Income tax on gain December 31, Year 2 Land Gain on sale Income tax on gain December 31, Year 3 Land Gain on sale Income tax on gain mm 1 mm