At 12/31/Year 2, selected balances from the books of the two companies were as follows: Parent Sub Sales $500,000 $400,000 Cost of Goods Sold 275,000 235,000 Inventory 120,000 90,000 5510.000 $510,240 $359,760 5509.760 $360,240 At 12/31/Year 2, selected balances from the books of the two companies were as follows: Parent Sub Sales $500,000 $400,000 Cost of Goods Sold 275,000 235,000 Inventory 120,000 90,000 5510.000 $510,240 $359,760 5509.760 $360,240