At the beginning of 2016 Hassan Company sold a land to Ali Company at $90,000. The land originally costs S70,000. During 2018, Ali Company sold the land at $100,000. Net income for Ali Company 2016-2018:$100,000; $100,000 and S100,000 respectively. Instructions: 1. Journalize the above transactions in Parent Company (Hassan) records and in the Subsidiary Company (Ali) records. The acquisition rate was 80%. Parent Co. 1/1/2016 Subsidiary Co. 1/1/2016 2. Calculate the Parent company from the subsidiary's net income. (80%) 3. Calculate the Minority interest from the subsidiary's net income. (20%) 4. Prepare the working paper in Journal entries format for 2016 - 2018. 2016 2017 2018