Paragraph Corporation purchased land on January 1, 20X1, for $25,500. On June 10, 20X4, it sold the land to its subsidiary, Sentence Corporation, for $33,000. Paragraph owns 60 percent of Sentence's voting shares. Required: a. Prepare the worksheet consolidation entries needed to remove the effects of the Intercompany sale of land in preparing the consolidated financial statements for 20X4 and 20X5. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field. view transaction list Consolidation Worksheet Entries < A B Record the consolidating entry on December 31, 20X4. Note: Enter debits before credits. Event 1 Accounts Debit Credit