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Paste Corporation owns 70 percent of Stick Corporation's voting common stock. On March 12, 20X2, Stick sold land it had purchased for $140,000 to Paste

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Paste Corporation owns 70 percent of Stick Corporation's voting common stock. On March 12, 20X2, 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 20X3. 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, 20X2 and 20X3. (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

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