Q$1.$ The following information extracted from the parent company

a$.$ Parent company loaned $$1000$ to Subsidiary with an interest rate of $5\%.$

b$.$ Parent company made a sale to Subsidiary for $$500$ cash. The inventory had originally cost Parent company $$200.$ Subsidiary then sold that same inventory to an outsider for $$700.$

c$.$ Parent company made a sale to Sub for $$800$ cash. The inventory had originally cost Parent $$300.$ Subsidiary has not yet sold that same inventory to an outsider.

Required:

Pass the elimination entries for the intercompany transactions.