Planner Corporation owns 60 percent of Schedule Companys voting shares. During 20X3, Planner produced 31,000 computer desks at a cost of $86 each and sold 16,000 of them to Schedule for $98 each. Schedule sold 10,000 of the desks to unaffiliated companies for $136 each prior to December 31, 20X3, and sold the remainder in early 20X4 for $146 each. Both companies use perpetual inventory systems.

: Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31, 20X3, relating to the intercorporate sale of inventory. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Consolidation Worksheet Entries Record the consolidation entry for the intercorporate sale of inventory. Note: Enter debits before credits