Downstream intercompany sales

The parent regularly sells merchandise to the subsidiary with a profit margin of $35\%$ of selling price. In $2019$ the intercompany sales amounted to $$220,000$ of which $$40,000$ remains in ending inventory as of $12/31/2019.$ There is a $$35,000$ intercompany sales amount that remains unpaid. Additionally, during $2018,$ the parent sold $$215,000$ of merchandise to the sub of which $$45,000$ remained in ending inventory on $12/31/2018$

Prepare the I entries for the inforamtion listed above.