P percentage in S	60%
inventory understaed 70% in y1 and 30% y2	10000
note payable understated 3 years to maturity	6000
S net income year 1	50000
S net income year 2	40000
intercompany sales from P to S year1 product A 100 @15 cost to P 13 and S sold 70 units to external @19
intercompany sales from P to S year2 product C 60 @20 cost to P 14 and S sold 40 units to external @25
intercompany sales from S to P year1 product B 90 @17 cost to S 12 and P sold 70 units to external @20
intercompany sales from S to P year2 product D 50 @18 cost to S 10 and P sold 45 units to external @20
also in year 2 S sold to external 25 of product A @19
also in year 2 P sold to external 15 of product B @20
S dividends in year 1 = 10000 in year 2 =12000

find the following

show income of S allocation in y2

record all journal entries and adjusting entries affect income from S account in the books of P for year 2

and elimination entries you can do in y2

record all journal entries and adjusting entries affect income from S account in the books of P for year 2

and elimination entries you can do in y2