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begin{tabular}{|l|r|r|} hline & multicolumn{1}{|c|}{ Parent } & Subsidiary hline Revenues & $3,000,000 & $2,000,000 hline Cost of goods sold & (2,250,000) & (1,300,000)
\begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{ Parent } & Subsidiary \\ \hline Revenues & $3,000,000 & $2,000,000 \\ \hline Cost of goods sold & (2,250,000) & (1,300,000) \\ \hline Gross profit & $750,000 & $700,000 \\ \hline \end{tabular} Intercompany sales, profits in ending inventory What amount of revenues will be reported in the consolidated financial statements for the year ended December 31,2019 ? $3,000,000 $4,600,000 $5,000,000 $5,030,000
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