Panner Corporation owns 70 percent of Schedule Company's woting shares. During 203, Planner produced 35.000 computer desks a cost of $98 each and sold 20,000 of them to Schedule for $110 each. Schedule sold 12,000 of the desks to unatfiliated companies. or $142 each prior to December 31,203, and sold the remainder in early 204 for $152 each, Both companies use perpetual nventory systerns: Required: What amounts of cost of goods sold did Planner and Schedule record in 203 ? What amount of cost of goods sold must be reported in the consolidated income statement for 203 ? (Do not round intermediate calculations.) 2. Prepare the worksheet consolidation entry or entries needed in preparing consoldated financial statements at December 31,203, relating to the intercorporate sale of inventory. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)