Bunker Corporation owns 80 percent of the stock of Harrison Company. At the end of 20X8, Bunker Corporation and Harrison Company reported the following partial operating results and inventory balances:

Bunker Corporation regularly prices its products at cost plus a 40 percent markup for profit. Harrison Company prices its sales at cost plus a 20 percent markup. The total sales reported by Bunker and Harrison include both intercompany sales and sales to nonaffiliates.
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a. What amount of sales will be reported in the consolidated income statement for \(20 \mathrm{X} 8\) ?
`b. What amount of cost of goods sold will be reported in the \(20 \mathrm{X} 8\) consolidated income statement?

c. What amount of consolidated net income will be reported for \(20 \mathrm{X} 8\) ?

d. What balance will be reported for inventory in the consolidated balance sheet for December 31, 20X8?

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Total sales Sales to Harrison Company Sales to Bunker Corporation Net income Operating income (excluding income from Harrison Company) Inventory on hand, December 31, 20X8, purchased from: Harrison Company Bunker Corporation Bunker Harrison Corporation Company $660,000 $510,000 140,000 240,000 20,000 70,000 48,000 42,000