Postman Corporation acquired 80 percent of Sunset Company's voting shares of stock in 20X1. During 20X4, Postman purchased 80,000 Playday doghouses for $24 each and sold 50,000 of them to Sunset for $30 each. Sunset sold all of the doghouses to retail establishments prior to December 31, 20X4, for $45 each. Both companies use perpetual inventory systems.

Required :

a. Give the worksheet consolidation entry(ies) needed in preparing consolidated financial statements for 20X4 to remove all effects of the intercompany sale.