Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31,203, 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. Planner Corporation owns 70 percent of Schedule Company's voting shares. During 20X3, Planner produced 35,000 computer desks at a cost of $98 each and sold 20,000 of them to Schedule for $110 each. Schedule sold 12,000 of the desks to unaffiliated companies for $150 each prior to December 31,20X3, and sold the remainder in early 204 for $160 each. Both companies use perpetual inventory systems. Required: a. What amounts of cost of goods sold did Planner and Schedule record in 20X3? b. What amount of cost of goods sold must be reported in the consolidated income statement for 203 ? Note: Do not round intermediate calculations. Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31,204, relating to the intercorporate sale of inventory if the sales were upstream. Assume that Schedule produced the computer desks at a cost of $98 each and sold 20,000 desks to Planner for $110 each in 203, with Planner selling 12,000 desks to unaffiliated companies in 203 and the remaining 8,000 in 204. 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. d. Prepare the worksheet consolidation entry or entries needed in preparing consolidated financial statements at December 31,204, 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