Pisa Company acquired 75 percent of Siena Company on January 1, 20X3. During 20X3, Pisa purchased inventory for $35,000 and sold it to Siena for $50,000. Of this amount, Siena reported $20,000 in ending inventory in 20X3 and later sold it in 20X4.

Required -> Present the 20X3 and 20X4 worksheet elimination entries relevant to the inventory transaction. Do NOT prepare the basic elimination entry or any other entries not dealing with the inventory transaction.