Question 3: (10 marks) (B1, C1) Ahmad company (the 80%-owned subsidiary); in 1/5/2018 sold land to Fatima Company (the subsidiary) at selling price $125,000, the cost of land $100,000. During 2020, Fatima Company sold the land at $140,000. Net income for Fatima Company as follows: 2018 2019 2020 Net Profit 80,000 100,000 60,000 Instructions: 1. Journalize the above transactions in Parent Company records and in the Subsidiary Company records. (3 marks) 2. Calculate the Parent company from the subsidiary's net income? (2 marks) 3. Calculate the Minority interest from the subsidiary's net income? (2 marks) 4. Prepare the working paper in Journal entries format for 2018; 2019 and 2020