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 $$650.$Problem$\text{'}$s ending inventory included $30\%$of the goods purchased from Solution. During $2022,$Solution reported sales of $$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.$Problem$\text{'}$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.