Pond Corporation holds $75$ percent of the voting shares of Spring Services Company. Assume Pond accounts for this Investment using the equity method. During $20$X$7,$ Pond sold Inventory costing $$78,000$ to Spring Services for $$102,000,$ and Spring Services resold one$-$ third of the Inventory In $20$X$7.$ Also in $20$X$7,$ Spring Services sold land with a book value of $$125,000$ to Pond for $$260,000.$ Pond continues to hold the land. The companies file separate tax returns and are subject to a $40$ percent tax rate. Required: Prepare the consolidation entries relating to the Intercorporate sale of Inventories and land to be entered in the consolidation worksheet prepared at the end of $20$X$8.$ Assume that Pond uses the equity method in accounting for its Investment in Spring Services. Please do Consolidation Worksheet Entries A & B$.$ A: Record the entry to eliminate the beginning inventory profit. B: Record the entry to eliminate the unrealized gain from the sale of the land.