Pam Corporation holds 70 percent ownership of Spray Enterprises. On December 31, 20X6, Spray paid Pam $38,500 for a truck that Pam had purchased for $43,500 on January 1,202. The truck was considered to have a 10 -year lfe from January 1,202, and no residual value. Both companies depreclate equipment using the straight-line method. Required: a. Prepare the worksheet consolidation entry or entries needed on December 31,20X6, to remove the effects of the intercompany sale. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Consolidation Worksheet Entries Record the entry to eliminate the gain on the truck and to correct the asset's basis. Nute: Enier debes before credis b. Prepare the worksheet consolidation entry or entries needed on December 31,207, to remove the effects of the intercompany sale. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" b. Prepare the worksheet consolidation entry or entries needed on December 31,207, to remove the effects of the intercompany sale. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Consolidation Worksheet Entries Record the entry to eliminate the gain on the truck and to correct the asset's basis. Note: Enter debits before credits