Pitcher Corporation purchased $60$ percent of Softball Corporation$$s voting common stock on January $1,20$X$1.$ On January $1,20$X$5,$ Pitcher received $$294,000$ from Softball for a truck Pitcher had purchased on January $1,20$X$2,$ for $$354,000.$ The truck is expected to have a $10-$year useful life and no salvage value. Both companies depreciate trucks on a straight$-$line basis.

Required:

Prepare the worksheet consolidation entry or entries needed at December $31,20$X$5,$ to remove the effects of the intercompany sale.