Planner Corporation owns 60 percent of Schedule Company's voting shares. During 20X3, Planner produced 27,000 computer desks at a cost of $86 each and sold 12,000 of them to Schedule for $98 each. Schedule sold 8,000 of the desks to unaffiliated companies for $132 each prior to December 31, 20X3, and sold the remainder in early 20X4 for $142 each. Both companies use perpetual inventory systems. Required: a. What amounts of cost of goods sold did Planner and Schedule record in 20X3? Cost of Goods Sold Planner Corporation Schedule Company b. What amount of cost of goods sold must be reported in the consolidated income statement for 20X3? (Do not round intermediate calculations.) Cost of goods sold c. Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20X3, relating to the intercorporate sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) view transaction list Consolidation c. Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20X3. relating to the intercorporate sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Do not round Intermediate calculations.) view transaction list Consolidation Worksheet Entries Record the consolidation entry for the intercorporate sale of inventory. Note: Enter debits before credits Entry Accounts Debit Credit 1 Record entry Clear entry view consolidation entries d. Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20x4. relating to the intercorporate sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Do not round Intermediate calculations.) view transaction et Consolidation Worksheet Entries