ABC has two parcels of land, each of which were bought for $100,000 in 1970. In 2022, each of the parcels were assessed to be worth $5 million. ABC sells one parcel to X Corp. for $100,000 and sells the other parcel to Y Corp. for $4.5 million. 1. Which transaction should the auditor pay close attention to, and why? 2. Discuss the legal and accounting issues associated with the transaction you identified in 1 above. 3. What is the carrying value of each of the properties listed above