Problem Corp owns $70\%$ of Solution Inc. Problem uses the equity method to account for its investment in Solution.

PART A $(25$ Points$)$ Show all work and label all numbers.

During $2021,$ Solution reported sales of $$5,000$ and cost of goods sold of $$3,500.$ Included in the sales total was inventory sold at normal markup to Problem for $$650.$ Problem's ending inventory included $30\%$ of the goods purchased from Solution. During $2022,$ Solution reported sales of $$5,500$ and cost of goods sold of $$3,575.$ Included in the sales total was inventory sold at normal markup to Problem for $$520.$ Problem's ending inventory included $40\%$ of the $2022$ purchases from Solution.

Prepare the $12/31/2022$ eliminating journal entries with respect to the intercompany inventory transactions.