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Paint Corporation owns 60 percent of Stain Company's shares. Partial 20X2 financial data for the companies and consolidated entity were as follows: Point Corporation Stain Company Consolidated Totals Sales $550, 008 $450, 808 $820,ee8 Cost of Goods Sold 310, 808 390, 908 420, Bee Inventory, Dec. 31 180, 808 210, 808 375,086 On January 1. 20X2, Paint's inventory contained items purchased from Stain for $75,000. The cost of the units to Stain was $50,000. All Intercorporate sales during 20X2 were made by Stain to Paint Required: a. What amount of Intercorporate sales occurred in 20X2? Amount of intercorporate sales 4 b, How much unrealized intercompany profit existed on January 1, 20X2? On December 31, 20X2? January December Unrealized intercompany profit c, Prepare the worksheet consolidation entries relating to inventory and cost of goods sold needed to prepare consolidated financial transaction/event, select "No journal entry required" in the first account field.)