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Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20X1. On December 31, 20X5, Pitcher received $110.000 from Softball for

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Pitcher Corporation purchased 60 percent of Softball Corporation's voting common stock on January 1, 20X1. On December 31, 20X5, Pitcher received $110.000 from Softball for a truck Pitcher bad purchased on Inuary 1, 2002, for $300,000. The truck is expected to have a 10-year useful life and no aluse vale companies depreciate tracks on a straight line basis Required 2. Give the worksheet consolidation entry or entries needed at December 31, 2025, to move the efects of the intercompany sale D. Gre the worksheet consolidation entry or entries needed at December 31, 20138, to remove the effects of the intercompany cale Transfer Danish At Rodinninc.cf YA a X ? 52 w N P

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