procter company owns 90 of the outstanding stock of silex company on january 1 2011 silex company sold land to procter company for 350000/

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Required:
A. Prepare the entries on the books of Procter related to the intercompany sale of land for the years ended December 31, 2011, and December 31, 2012.
B. Prepare in general journal form the workpaper entries necessary because of the inter-company sale of land in:
(1) The consolidated financial statements workpaper for the year ended December 31, 2011.
(2) The consolidated financial statements workpaper for the year ended December 31, 2012.