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 companles had the following account balances: Intra-ently sales of $320,000 occurred during 2020 and agaln 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 consolldation purposes, does the direction of the transfers (upstream or downstream) affect the balances to be reported here? b. Prepare a consolldated income statement for the year ending December 31, 2021