mhed .olie M 10a, 7 Graded Hor E connect Spring 2018 Acctg 401 Advanced Financial ACCOUNTING 0:50 7 Graded Homework Question 1 (of ) value 20.00 points E7-6 Consolidation Entries for Depreciable Asset Transfer: Year-End Sale LO 7-6 Pam Corporation holds 70 percent ownership of Northern Enterprises. On December 31, 20x6, Northern paid Pam $38,500 for a truck that Pam had purchased for $43,500 on January 1, 20X2. The truck was considered to have a 20-year life from January 1, 20X2, and no residual value. Both companies depreciate equipment using the straight-line method. Required: a. Prepare the worksheet consolidation entry or entries needed on December 31, 20X6, to remove the effects of the intercompany sale. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries