Required information Pancake Corporation purchased land on January 1, 200, for $60,000. On August 7,202, it sold the land to its subsidiary, Syrup Corporation, for $35,000. Pancake owns 60 percent of Syrup's voting shares. Which worksheet consolidation entry will be made on December 31, 20X3, if Syrup Corporation had initially purchased the lan $60,000 and then sold it to Pancake on August 7, 20X2, for $35,000