Plaza Corporation purchased $70$ percent of Square Company's voting common stock on January $1,20$X$5,$ for $$291,200.$ On that date, the noncontrolling interest had a fair value of $$124,800$ and the book value of Square's net assets was $$380,000.$ The book values and fair values of Square's assets and liabilities were equal except for land that had a fair value $$14,000$ higher than book value. The amount attributed to goodwill as a result of the acquisition is not amortized and has not been impaired.

On January $1,20$X$9,$ Plaza's inventory contained $$30,000$ of unrealized intercompany profits recorded by Square. Square's inventory on that date contained $$15,000$ of unrealized intercompany profits recorded on Plaza's books. Both companies sold their ending $20$X$8$ inventories to unrelated companies in $20$X$9.$

During $20$X$9,$ Square sold inventory costing $$37,000$ to Plaza for $$62,000.$ Plaza held all inventory purchased from Square during $209$ on December $31,20$X$9.$ Also during $20$X$9,$ Plaza sold goods costing $$54,000$ to Square for $$90,000.$ Square continues to hold $$20,000$ of its purchase from Plaza on December $31,209.$ Assume Plaza uses the fully adjusted equity method.

Required:

a$.$ Prepare all consolidation entries needed to complete a consolidation worksheet as of December $31,20$X$9.$ Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.