Yoderly Co., a wholly owned subsidiary of Nelson Corp., sold goods to Nelson near the end of 2021. The goods had cost Yoderly $105,000 and the selling price was $140,000. Nelson had not sold any of the goods by the end of the year.Required:Prepare Consolidation Entry TI and Consolidation Entry G that are required for 2021.

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The Answer of Yoderly Co., a wholly owned subsidiary of Nelson Corp., sold goods to Nelson near the end of 2021. The goods had cost Yoderly $105,000 and the selling price was $140,000. Nelson had not sold any of the goods by the end of the year.Required:Prepare Consolidation Entry TI and Consolidation Entry G that are required for 2021.