Paragraph Corporation purchased land on January 1,20X1, for $26,500. On June 10,204, it sold the land to its subsidiary, Sentence Corporation, for $30,500. 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 204 and 205. 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 consolidating entry on December 31,204. Notei Inter debits before credes. b. Prepare the worksheet consolidation entries needed on December 31,204 and 20X5, if Sentence had initially purchased the land for $2,6,500 and then sold it to Paragraph on June 10, 20X4, for $30,500 Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Prepare the worksheet consolidation entries needed on December 31,204 and 205, if Sentence had initially purchased the land for $26,500 and then sold it to Paragraph on June 10,204, for $30,500. 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 consolidating entry on December 31,204. Noteil Enter debins before credits