Anderson Company, a 90% owned subsidiary of Philbin Corporation, transfers inventory to Philbin at a 25% gross profit rate. The following data are available pertaining specifically to Philbins intra-entity purchases from Anderson. Anderson was acquired on January 1, 2023. 2023 2024 2025 Purchases by Philbin $ 8,000 $ 12,000 $ 15,000 Ending inventory on Philbins books 1,200 4,000 3,000 Assume the equity method is used. The following data are available pertaining to Andersons income and dividends. 2023 2024 2025 Andersons net income $ 70,000 $ 85,000 $ 94,000 Dividends paid by Anderson 10,000 10,000 15,000 For consolidation purposes, what amount would be debited to cost of goods sold for the 2024 consolidation worksheet with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2024 transfer of merchandise? Multiple Choice $1,000 $800 $3,000 $2,400 $900