Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20X1. On January 1, 20X5, Pitcher received $246,000 from Softball for a truck Pitcher had purchased on January 1,202, for $316,000. 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: a. Prepare the worksheet consolidation entry or entries needed at December 31,205, to remove the effects of the intercompany sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries B Record the entry to eliminate the gain on the truck and to correct the asset's basis. Note: Enter debits before credits. Prepare the worksheet consolidation entry or entries needed at December 31,206, to remove the effects of the intercompar sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries Record the entry to eliminate the gain on the truck and to correct the asset's basis. Note: Enter debits before credits. Prepare the worksheet consolidation entry or entries needed at December 31,206, to remove the effects of the intercompany le. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries Record the entry to adjust Accumulated Depreciation. Note: Enter debits before credits. Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20X1. On January 1, 20 Pitcher received $246,000 from Softball for a truck Pitcher had purchased on January 1,202, for $316,000. The truck is exped have a 10-year useful life and no salvage value. Both companies depreciate trucks on a straight-line basis. Required: a. Prepare the worksheet consolidation entry or entries needed at December 31,205, to remove the effects of the intercompa (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries Record the entry to adjust Accumulated Depreclation. Note: Enter debits before credits