Q3. Given the following information: a. Parent sells Sub inventory with a cost of $48,000 for $60,000. Sub then sells this inventory to outsiders for $75,000. b. Parent sells Sub inventory with a cost of $8,000 for $10,000, which remains on hand in Sub's ending inventory. a. Calculate unrealized profits b. Pass eliminating entry in both the cases: 1. Parent sells to Sub and Sub to Outsider ii. Parent sells to Sub, but Sub not yer to Outsider c. How would it effect Parents gross profit and Sub's inventory