Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per year for patented technology resulted from the original acquisition. For 2021 , the companies had the following account balances: Intra-entity sales of $320,000 occurred during 2020 and again in 2021. This merchandise cost $240,000 each year. Of the total transfers, $70,000 was still held on December 31, 2020, with $50,000 unsold on December 31, 2021. a. For consolidation purposes, does the direction of the transfers (upstream or downstream) affect the balances to be reported here b. Prepare a consolidated income statement for the year ending December 31,2021