Company X owns 80% of the shares of Company Y, and on 1/12/2019 the Parent company sold the subsidiary goods at a price of $ 80,000, and the cost of the Parent amounted to $ 70,000. On 31/12/2019, it was found that 20% of the goods are still with the subsidiary. Required: 1. Write the entries of the working papers related to goods for the year 2019. 2. The cost of sales that would appear in the consolidated income statement for the year 2019, using the data shown below: The cost of sales at the Parent = $ 200,000 The cost of sales at the Subsidiary= $ 120,000