a. WHAT IS CONSOLIDATED SALES IN 2021, 2022 & 2023?

E) WHAT IS THE CONSOLIDATED COST OF GOODS SOLD IN 2021, 2022 & 2023?

F) WHAT IS CONSOLIDATED INCOME IN 2021, 2022, & 2023?

WHAT IS CONSOLIDATED INVENTORY IN 2021, 2022 & 2023?

On January 1 st 2010 Froto Company acquired all of the voting stock of Bilbo at book value Froto uses the initial value (cost) method to account for its investment in Bilbo and Bilbo does not pay any dividends On November 2nd 2021 Froto sold merchandise to Bilbo for $800,000. Froto had purchased the merchandise for $500,000 On December 31st 2021 Bilbo had not sold any of this merchandise and Bilbo still had not paid its account payable to Froto In 2022 Bilbo sold $600,000 of the merchandise acquired from Froto selling the merchandise for $900,000 During 2022 Bilbo paid off its account payable to Froto. In 2023 Bilbo sold off the other $200,00 of the merchandise acquired from Froto for $235,000. Bilbo and Froto reported the following (unconsolidated) for 2021, 2022 and 2023 On January 1 st 2010 Froto Company acquired all of the voting stock of Bilbo at book value Froto uses the initial value (cost) method to account for its investment in Bilbo and Bilbo does not pay any dividends On November 2nd 2021 Froto sold merchandise to Bilbo for $800,000. Froto had purchased the merchandise for $500,000 On December 31st 2021 Bilbo had not sold any of this merchandise and Bilbo still had not paid its account payable to Froto In 2022 Bilbo sold $600,000 of the merchandise acquired from Froto selling the merchandise for $900,000 During 2022 Bilbo paid off its account payable to Froto. In 2023 Bilbo sold off the other $200,00 of the merchandise acquired from Froto for $235,000. Bilbo and Froto reported the following (unconsolidated) for 2021, 2022 and 2023