Padilla Company purchased 00% of the common stock of Sanoma Company in the open market on January 1, 2010, paying $31,000 more than the book value of the interest acquired. The difference between book value and the value implied by the purchase price is attributable to land. Required: A. 1iWhat workpaper entry is required each year until the land is disposed of? B. Assume that the land is sold on lflr'13 and that Sanoma Company recognizes a $50,000 gain on its books. \"That amount of gain will he reected in consolidated income on the 2013 consolidated income statement? C. In all years subsequent to the disposal of the land, 1what workpaper entry will he necessary? Show entry for $1 three methods (cost, partial equity, and complete equity)