PPP owns 100% of SSS. You were provided with the following information for intercompany transactions between PPP and SSS during 2020. Assume 30% tax rate. a) On January 1, 2020, PPP purchased inventory from SSS. The gross profit earned on this sale to PPP by SSS was $30,000. 90% of this inventory was sold to outside parties during by the end of 2020, with 10% remaining unsold. b) On June 30, 2020 PPP sold land to SSS where the gain on the sale (prior to taxes), was $9,000. This land was not sold to outside parties by the end of 2020. c) Also on June 30, 2020, PPP sold inventory to SSS at a gross profit of $20,000. At the end of 2020, 20% of this inventory was unsold to outside parties. Required: a) What is the amount of unrealized gain on the land sale after tax on June 30, 2020? (1 mark) b) What is the amount of overall realized profit after tax that can be recognized for the consolidated entity on December 31, 2020? (2 marks) c) What would be the value of the Deferred Tax Asset that would appear on the consolidated balance sheet as of December 31, 2020? - hint - consider the amount of unsold inventory on both the upstream and downstream inventory transactions, and also consider the land transaction when calculating Deferred Taxes. (2 marks)