ParCorp acquired 75 percent of ChiCorp's stock on January 1, 20X8. ParCorp sold equipment to ChiCorp for a $42,000 gain on December 31, 20X8. ParCorp had originally purchased the equipment for $140,000 and it had a carrying value of $28,000 on December 31, 20X8. At the time of the purchase, ParCorp and ChiCorp estimated that the equipment still had a seven-year remaining useful life. ChiCorp sold land costing $90,000 to ParCorp on June 28, 20X9, for $110,000. Required. Give all eliminating entries needed to prepare a consolidation worksheet for 20X9. YOU MUST NOT INCLUDE JOURNAL ENTRIES IN YOUR ANSWER.