A$-$ Sal is a $90\%$ owned subsidairy of Pal corporation, acquired at book value several years ago. Compartive separate compay income statements for $2022$ is shown below:

$\backslash$table$[[,$Pal,Sal$],[$Sales$,300,000,140,000],[$Income from Sal,???,$-],[$Gain on Sale of Building,???,$-],[$Cost of goods sold,$200,000,80,000],[$Operating expenses,$60,000,30,000]]$

On January $1,2022$ Pal sold a building with a $10$ year remaining useful life to Sal for $$26,000$ cash. Cost of the building was $$30,000$ and its accumulated depreciation $$10,000.$ At December $31,2022,$ Sal's accounts payable includes $$7,000$ owed to Pal.

Required:

Calculate the gain on sale of the building.

Record journal entries prepared by the parent during $2022$

Prepare the required elimination entries for the year ended December $31,2022.$ Show your computations.