Please give both ( i ) and ( ii ) parts correctly .Otherwise, Skip.

On 20 December 20x1, a 70%-owned Subsidiary sold a piece of inventory X which it bought for $200,000 to its Parent for $300,000. As at 31 December 20x1, that piece of inventory was still with the Parent and the net realisable value of the inventory was $250,000 on this date. Given that both parent and subsidy adopt 31 December as their financial year-end, prepare the (i) journal entries of parent and subsidy, (ii) the consolidated journal entries ASAP , it will be appraised