Company Big is the parent company of Company Small, we have the following questions to be answered each question is independent from the others.

a. In 2009 Big sold a piece of land to Small for $ 8,000,000. The land was purchased by Big for $6,000,000. In 2010, small sold the land to someone outside the group for $9,000,000. Please write down the adjusting journal entries to reconcile to the group perspective for 2009 and 2010 separately.

b. On 07/01/2009, Big sold a piece of the patent to small for $5,000,000. Right before the transaction, the patent had a book value of $4,000,000. Note the patent had 5 years of useful life left upon the transaction. On 10/01/2009, small sold the patent for $5,500,000 to an outsider, please write down the adjusting journal entries for 2009