(1 mark) 4) Palm Ltd has an intra-group loan with Sunflower id. Sundlower pro $10,000,000. The loan charges 4% interest annually. One hall of the interest current year remains unpaid at 30 June 2019. (3 marks) 5) Palm Ltd sold a land to Sunflower Ltd for $560000. The land was purchased by Palm at $ 300000. (1 mark) Required: (a) Prepare the journal entries required to eliminate the intra-group transactions abg (10 marks) (b) Why should we eliminating intra-group transactions in consolidation? (2 marks) (1 mark) 4) Palm Ltd has an intra-group loan with Sunflower id. Sundlower pro $10,000,000. The loan charges 4% interest annually. One hall of the interest current year remains unpaid at 30 June 2019. (3 marks) 5) Palm Ltd sold a land to Sunflower Ltd for $560000. The land was purchased by Palm at $ 300000. (1 mark) Required: (a) Prepare the journal entries required to eliminate the intra-group transactions abg (10 marks) (b) Why should we eliminating intra-group transactions in consolidation? (2 marks)