Consolidation After Several Years Using Cost Method $($in thousands$)$

Required

Note: Provide all answers in thousands.

a$.$ Prepare PlanetTwo's journal entry or entries during $2024$ to report its investment in Stage $4$ Networks, on its own books.

Note: If no entry is required, select $"$N$/$A $-$ no debit entry is required" and $"$N$/$A $-$ no credit entry is required" as your answers.

b$.$ Prepare the working paper eliminating entries necessary to consolidate the accounts of PlanetTwo Communications and Stage $4$ Networks at December $31,2024.$