Parent Corporation holds 70 percent of Subsidiary Company's voting common stock. On January 1, 2011, Parent paid $500,000 to acquire a building with a 10-year expected economic life. Parent uses straight-line depreciation for all depreciable assets. On December 31, 2016, Subsidiary purchased the building from Parent for $180,000 and resumed the same remaining useful life. Prepare Parents adjusting journal entries and the consolidation entries that related to intercompany sale of building for 2018. (Remember to include all necessary reversal journal entries to Parents accounts in the consolidation entries)