(4 marks) Question 2 (30 marks) Secam is a 90% owned subsidairy of Pal corporation, acquired at book value several years ago. Compartive separate compay income statements items for 2020 is shown below: Pal Secam Sales 300,000 140,000 Cost of goods sold 200,000 80,000 Operating expenses 60,000 30,000 On January 1, 2020 Pal sold a building with a 10 year remaining useful life to Secam for $26,000 cash. Cost of the building was $30,000 and accumulated depreciation $10,000. MD At year-end 2020, Steamqwed Pal $1,500. 1- Record journal entries prepared by "parent" during 2020 2- Prepare elimination/adjusting entries for the year 2020. Question 3 (30 marlo )