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Problem 1: Sunflower is a wholly-owned Susawa of Pansy. The accounting year ends. December 31. During 2020, the following intercompany service and financing transactions occur.

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Problem 1: Sunflower is a wholly-owned Susawa of Pansy. The accounting year ends. December 31. During 2020, the following intercompany service and financing transactions occur. Sunflower provided administrative support services to Pansy, billed at $2,200, and costing Sunflower $1,500. At the end of 2020 Pansy still owed Sunflower $200 for services provided Pansy provided technological services to Sunflower. During 2020, Pansy billed Sunflower 54.950 for services provided. These services cost Pansy $3.520. At the end of 2020, Sunflower still owed Pansy $275 for services provided Sunflower loaned Pansy $30,000 on July 1, 2017, at an annual interest rate of 5% Interest is paid yearly on June 30. Required Make the consolidation eliminating entries at December 31, 2020, related to these intercompany service and financing transactions

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