2. Car Company had the following transactions with affiliated parties during 2016.

■ Sales of $180 to Den, with $60 gross profit. Den had $45 of this inventory on hand at year-end. Car owns a 15 percent interest in Den and does not exert significant influence.

■ Purchases of raw materials totaling $720 from Ken Corporation, a wholly owned subsidiary. Ken’s gross profit on the sale was $144. Car had $180 of this inventory remaining on December 31, 2016.