Pam Corporation holds $70$ percent ownership of Spray Enterprises. On December $31,20$X$6,$ Spray paid Pam $$31,000$ for a truck that Pam had purchased for $$36,000$ on January $1,202.$ The truck was

considered to have a $10-$year life from January $1,202,$ and no residual value. Both companies depreciate equipment using the straight$-$line method.

a$.$ Prepare the worksheet consolidation entry or entries needed on December $31,20$X$6,$ to remove the effects of the intercompany sale.

b$.$ Prepare the worksheet consolidation entry or entries needed on December $31,207,$ to remove the effects of the intercompany sale.