Problem 6-1 Peel Company owns 90% of the common stock of Seacore Company. Seacore Company sells merchandise to Peel Company at 20% above cost. During 2014 and 2015, such sales amounted to $421,600 and $484,600, respectively. At the end of each year, Peel Company had in its inventory one-fourth of the goods purchased from Seacore Company during that year. Peel Company reported $291,800 in net income from its independent operations in 2014 and 2015. Seacore Company reported net income of $121,400 in each year and did not declare any dividends in any year. There were no intercompany sales prior to 2014. (a) Prepare in general journal form all entries necessary on the consolidated financial statements work paper to eliminate the effects of the intercompany sales for each of the years 2014 and 2015. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 5,125.) Debit Credit Date Account Titles and Explanation 2014 (To eliminate intercompany sales) (To eliminate unrealized intercompany profit in ending inventory) 2015 (To eliminate intercompany sales) (lo eliminate intercompany sales) (To recognize gross profit in beginning inventory realized in 2015) (To eliminate unrealized intercompany profit in ending inventory)