On January 1, x1, the Total company acquired 100% of the outstanding shares of Partial company. Ten years later, i.e December 31 x10, it appears that Total still controls Partial at 100%. The following transactions were carried out between the two companies:

a) Total sold a piece of land in x3 for $ 75,000. The original cost of the land for total is $ 70,000. Partial kept the land for its own activities.

b) Partial regularly sells total goods. The agreed price partially achieves a gross profit margin of 50% on the selling price. In year x10, intercompany sales are $ 1,000,000. During the year-end x20, total inventory contains merchandise purchased from partial in the amount of $ 200,000. The beginning of Total inventory also contains goods purchased by Partial in the amount of $ 100,000.

c) In year x7, Total partially sold a piece of equipment for $ 550,000. At the time of the sale, the equipment had a net book value of $ 450,000. The remaining service life of the equipment from the date of sale is 10 years.

Required:

Accounting consolidation entries a) non-materialised gain entries b) realisation of profit entries