Assume a parent company acquires 80% of the outstanding voting common stock of a subsidiary on January 1, 2018. One the acquisition date, the identifiable net assets of the subsidiary had fair value that approximately their recorded book value except for a paten, which had a fair value of $200,000 and not recorded book value. On the date of acquisition, the patent had five years of remaining useful life and the parent company amortizes its intangible assets using straight line amortization. During the year ended December 31, 2019, the subsidiary recorded sales to the parent in the amount of $240,000. On these sales, the subsidiary recorded pre-consolidation gross profits equal to 25%. Approximately 30% of this merchandise remains in the parents inventory at December 31, 2019. The following summarized pre-consolidation financial statements are for the parent and the subsidiary for the year ended December 31, 2019

Income Statement	Investor	Investee
Revenue	4800000	800000
Income from Investee	209600	00
Expenses	-3200000	-480000
Net Income	1809600	320000
Statement of Retained Earnings
Beginning Retained Earnings	1488000	80000
Net Income	1809600	320000
Dividends declared	-128000	-80000
Ending Retained Earnings	3169600	320000
Balance Sheet
Current Assets	1600000	200000
Equity Investment	465600	00
Non Current Assets	8000000	600000
Total Assets	10065600	800000
Liabilities	5280000	320000
Common Stock & APIC	1800000	160000
Retained Earnings	3169600	320000

10019600 800000

Intercompany Inventory Transaction, What are the consolidated Revenues?