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Preparing the [I] consolidation entries for sale of land on November 12, 2019. The parent uses the equity method to account for its Equity Investment.

image text in transcribed Preparing the [I] consolidation entries for sale of land on November 12, 2019. The parent uses the equity method to account for its Equity Investment. a. Prepare the required [l] consolidation entry in 2012. b. Prepare the required [I] consolidation entry required at the end of each year 2013 through 2018. consolidation entry for 2019. d. What will be the amount of gain reported in the consolidated income statement in 2019

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