b. Assume that Staffer sells inventory to Panther at a markup equal to 40 percent of cost. Intra-entity transfers were $110,000 in 2018 and $176,000 in 2019. Of this inventory, $46,200 of the 2018 transfers were retained and then sold by Panther in 2019, whereas $77,000 of the 2019 transfers were held until 2020. On consolidated financial statements for 2019, determine the balances that would appear for the following accounts: Cost of Goods Sold Inventory Noncontrolling Interest in Subsidiarys Net Income