Question: Please show all work. 1J pults Save ANSV . In 2017, a parent company sells land to its subsidiary for $30,000 and reports a gain

Please show all work.

1J pults Save ANSV . In 2017, a parent company sells land to its subsidiary for $30,000 and reports a gain of $6,000. In 2019, the subsidiary sells the land to an unrelated third party for $32,000. Prepare the eliminating journal entry required to consolidate the 2019 financial statements TT I Arial Arial 73 (12pt : 311200) To:3.55

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