5. On December 31, 2016, Parent Co purchased 100% of the outstanding common stock of Subsidiaries R Us for $100,000. Throughout 2017, Parent Co sold inventory that they purchased for $30,000 to Subsidiaries R Us for $50,000. At the end of 2017, Subsidiaries 'R Us had $40,000 of inventory related to these transactions still on hand. a. Record the elimination entry required for this transaction at the end of 2017 assuming that all inventory was sold to a 3rd party in 2017 (TI entry). Include the parent and sub's entries for partial credit. Parent Sub Elim b. Record the elimination entry required for this transaction at the end of 2017 assuming that Subsidiaries R Us still has the $40,000 of inventory on hand (G Entry). Parent Sub Elim c. What is the amount of inventory recorded on the consolidated financials at the end of 2017 related to this transaction d. Assume that Subsidiaries R Us sells all of the remaining inventory in 2018. What elimination entry if any should be recorded (*G Entry) assuming that Parent Co uses the initital value method to account for its investment in Subsidiaries R Us? Parent Sub Elim