In 2022, parent company sells inventory costing $60,000 fo to its 90% owned Subsidiary for $100,000.The sale was on account.20% of the inventory remained unsold until the following year 2023. 40% of the receivable was uncollected.In 2021 the parent company sold inventory costing $52,000 for $80,000.The subsidiary sold all of the inventory in 2021. Explain the necessary 2022 elimination entries in detail.