Question: I could really use some help with these entries. I appreciate your help in advance! Complete this question by entering your answers in the tabs

I could really use some help with these entries. I appreciate your help in advance! Complete this question by entering your answers in the tabs below.
Req B and C
Req D and E
Req F1
b. If the intra-entity sales were upstream, how would consolidated net income be allocated to the controlling and noncontrolling interest?
c. If the intra-entity sales were downstream, how would consolidated net income be allocated to the controlling and noncontrolling interest? Req A
Req B and C
Req D and E
d. What is the consolidated balance in the ending Inventory account?
e. Assume that no intra-entity inventory sales occurred between Placid Lake and Scenic. Instead, in 2023, Scenic sold land costing \(\$ 52,000\) to Placid Lake for \(\$ 94,000\). On the 2024 consolidated balance sheet, what value should be reported for land?
Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1,2023, Scenic sold equipment (that originally cost \(\$ 150,000\) but had a \(\$ 82,000\) book value on that date) to Placid Lake for \(\$ 114,000\). At the time of sale, the equipment had a remaining useful life of five years. What worksheet entries are made for a December 31,2024, consolidation of these two companies to eliminate the impact of the intra-entity transfer?
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Consolidation Worksheet Entries 1
2
Prepare entry *TA
Note: Enter debits before credits. Consolidation
Worksheet Entries
1
Prepare entry ED
Note: Enter debits before credits.
I could really use some help with these entries.

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