In a question there are three branches, 1,2,3

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Question 3: (16 points) B1, C1, C3 At the beginning of 2015 Fatema Company sold a land to Ramla Company at $50,000. The land originally costs $70,000. During 2017, Ramla Company sold the land at $90,000. Net income for Ramla Company 2015-2017:$100,000; $120,000 and $90,000 respectively. Instructions: 1. Journalize the above transactions in Parent Company records and in the Subsidiary Company records. The acquisition rate was 60%. Parent Co. 1/1/2015 Subsidiary Co. 1/1/2015 2. Calculate the Parent company from the subsidiary's net income. (60%) Subsidiary Co. 1/1/2015 2. Calculate the Parent company from the subsidiary's net income. (60%) 3. Calculate the Minority interest from the subsidiary's net income. (40%) 4. Prepare the working paper in Journal entries format for 2015 - 2017. 2015 2016 2017 Question 3: (16 points) B1, C1, C3 At the beginning of 2015 Fatema Company sold a land to Ramla Company at $50,000. The land originally costs $70,000. During 2017, Ramla Company sold the land at $90,000. Net income for Ramla Company 2015-2017:$100,000; $120,000 and $90,000 respectively. Instructions: 1. Journalize the above transactions in Parent Company records and in the Subsidiary Company records. The acquisition rate was 60%. Parent Co. 1/1/2015 Subsidiary Co. 1/1/2015 2. Calculate the Parent company from the subsidiary's net income (60%) Protected View - Saved to this PC- O Search 2016100 References Mailings Review View Help an contain viruses. Unless you need to edit it's safer to stay in Protected View Enable Editing 3. Calculate the Minority interest from the subsidiary's net income. (40%) can contain viruses. Unless you need to EUIL 4. Prepare the working paper in Journal entries format for 2015 - 2017. 2015 2016 2017