Is this correct?

Sam Inc. is a 90% owned subsidiary of Paul Corp. Paul sold land to Sam for $100,000 that originally cost Paul $50,000. Paul uses the fully adjusted equity method. What adjustment is needed on Paul's books in the year the land is sold to Sam? Dr Income from Sam 50,000 Cr Investment in Sam 50,000 Dr Income from Sam 45,000 2. Cr Investment in Sam 45,000 50,000 Dr Gain on sale of land Cr Land 50,000 Dr Investment in Sam 50,000 Cr Land 50,000