Paste Corporation owns $70$ percent of Stick Corporation's voting common stock. On March $12,20$x$2,$ Stick sold land it had purchased for $$140,000$ to Paste for $$185,000.$ Paste plans to build a new warehouse on the property in $203.$

Required:

a$.$ Prepare the worksheet consolidation entries to remove the effects of the intercompany sale of land in preparing the consolidated financial statements at December $31,202$ and $203.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$\backslash$table$[[,,,$Answer,,,$],[$No$,$Event,,Acoounlia,,Debit,Cradit$],[$A$,1,$Gah on sale of land,,$0,45,0000,],[,,$Land,,$0,,45,0000],[,$III,$(71),,12,$Min,$],[$B$,2,$Investrient in Stick,,a$,31,5000,],[,,$Land,,$($x$),,$