Powns all the stock of S1 and 52 Corporations. The corporations have filed consolidated tax returns for several years. In the current year (Year 1), S1 sells land to P for $130,000. S1 purchased the land several years earlier for $32,000. P sells the land to an unrelated third party in Year 3 for $180,000. The sale's terms require the third party to pay P $81,000 in Year 3. $63,000 in Year 4, and $36,000 in Year 5, plus interest at a rate acceptable to the IRS. The third party pays all the required amounts. Read the requirements Requirement a. In what year(s) does the consolidated group include Si's gain or loss and P's gain or loss in its taxable income? Complete the table below to show the gain or loss included in consolidated income each year. (Select the years in chronological order. If an input field is not used, leave the input field empty; do not enter a zero. Use parentheses or a minus sign for any adjustments and eliminations reducing the consolidated taxable income. Round intermediary percentages to four decimal places, XXXXX%; then round your final answers to the nearest dollar.) Consolidated taxable Adjustments and Si's separate P's separate Year income eliminations reporting reporting Total - Requirements a. In what year(s) does the consolidated group include S1's gain or loss and P's gain or loss in its taxable income? b. Suppose P sells all of S1's stock on December 31 of Year 4. How would this sale change your answer to Parta? c. Suppose S1 sold the land to Pin Year 1 for $186,000 instead of $130,000 How would this sale change your answer to Parta? Print Done