5-7 (Algo) (LO 5-2, 5-3) Parkette, Inc. acquired a 60 percent interest in Skybox Company several years ago. During 2020. Skybox sold inventory costing $210.600 to Parkette for $270.000. A total of 20 percent of this inventory was not sold to outsiders until 2021. During 2021, Skybox sold inventory costing $161.510 to Parkette for $197000. A total of 30 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $537,500 while Skybox reported $437500 What is the consulidated cost of goods sold in 2021? Mupin Choice $779833 $752090 5973367 5776367 Parkette, Inc. acquired a 60 percent interest in Skybox Company several years ago. During 2020, Skybox sold inventory costing $210,600 to Parkette for $270,000 A total of 20 percent of this inventory was not sold to outsiders until 2021. During 2021, Skybox sold inventory costing $163.510 to Parkette for $197,000. A total of 30 percent of this inventory was not sold to outsiders until 2022. In 2021, Parkette reported cost of goods sold of $537,500 while Skybox reported $437,500. What Is the consolidated cost of goods sold in 20217 Multiple Choice $779,833. $752,090. $973,167. $776,167