During $2021,$ Christie Company sold merchandise to its $100\%-$owned subsidiary, Finn Company. During that year, all of the merchandise was resold by Finn to outside customers.

If no consolidation entries are made, which of the following will be incorrect in consolidated statements?

a$.$ Inventory, net income

b$.$ Inventory, sales, cost of goods sold

c$.$ Sales, cost of goods sold

d$.$ All accounts will be correct because the goods were quickly resold to customers.