PT A has an investment in PT B with an ownership portion of $90\%$ with a value of $900,000$ USD. Investment assumptions in $2020.$ Then in the current year PT A $($the parent$)$ sells its ownership of PT B from $90\%,$ selling $30\%$ to PT C at a price of $500,000$ USD.

Question:

$1.$ What is the journal entry for the sale of PT A$\text{'}$s share ownership investment in PT B to PT C$?$

$2.$ Does PT A recognize sales profit on the investment, or equity transaction?