Swanson Corporation purchased land from Clayton Corporation for $245,000 on December 20,203. This purchase followed a series of transactions between Swanson-controlled subsidiaries. On February 7, 20X3, Sullivan Corporation purchased the land from a nonaffiliate for $165,000. It sold the land to Kolder Company for $153,000 on October 10,203, and Kolder sold the land to Clayton for $194,000 on November 27,203. Swanson has control of the following companies: Swanson reported income from its separate operations of $164,000 for 203. Note: Leave no cell blank, enter " 0 " wherever required. Required: a. At what amount should the land be reported in the consolidated balance sheet as of December 31, 20X3? b. What amount of gain or loss on sale of land should be reported in the consolidated income statement for 203 ? Amount of c. What amount of income should be assigned to the controlling shareholders in the consolidated income statement for 203 ? . Prepare the consolidation entry related to the land that should appear in the worksheet used to prepare consolidated financial statements for 203. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Consolidation Worksheet Entries Record the entry to eliminate the gains and loss on the land transfer. Note: Enter debits before credits