Bing Corp. owns 84% of Cay Corp'scommon stock.During October, Cay sold merchandise to Bing for $100,000.At December 31, one-half of the merchandise remained in Bing's inventory.For the year, gross profit as a percentage of sales was 48% for Bing and 41% for Cay.Calculate the elimination adjustment to ending inventory on the consolidated balance sheet as of December 31.Use a negative sign to indicate a decrease; no sign to indicate an increase.