Ginger Co acquired 80% interest in Festus Inc a couple years ago. During 2021, Festus sold inventory costing $180,000 to Ginger for $220,000 with 15% of this inventory not sold to a third-party until 2022. During 2022, Festus sold inventory costing $300,000 to Ginger for $360,000 with 40% of this inventory not sold to a third-party until 2023.

	Ginger Co	Festus Inc
Cost of Goods Sold (2022)	$600,000	$425,000

Answer the following questions (no commas or $ signs):

Are the intra-entity sales upstream or downstream transactions? Please type the one word answer.

How much gross profit is deferred in 2021?

How much gross profit is deferred in 2022 from current year intra-entity sales?

When consolidating 2022 income statement, Elimination Entry TI would be for what dollar amount?

What is the consolidated cost of goods sold amount in 2022?