oblem G I the preparation of the consolidated financial statements, the following are selected working paper entries at end of 2022: a. Elimination of intercompany sale of inventory SaleCostofgoodssold1,250,0001,250,000 b. Effect of the unrealized profit in the ending inventory of the buying entity under a downstream transaction: Costofgoodssold75,300Inventories75,300 c. Elimination of loss on a downstream intercompany sale of non-depreciable asset: Land 32,000 Loss on sale 32,000 17. Assume that the land above was sold at a price of P3,245,000, at what amount should the land be presented in the consolidated statement of financial position at December 31, 2022 ? 18. Assume that the working paper (a) and (b) above are the sole working paper entries related to intercompany sale. The parent sold its inventory to its subsidiary at a mark-up of 20% of sales. How much of the ending inventory of the subsidiary in its separate statement of financial position came from an intercompany sale