Help Save & Eat Sub Top Company holds 90 percent of Bottom Company's common stock. In the current year, Top reports sales of $826,000 and cost of goods sold of 5619,500. For this same period, Bottom has sales of $371,000 and cost of goods sold of $222,600. During the current year, Bottom sold merchandise to Top for $178,000. The parent still possesses 20 percent of this inventory at the current year-end. Bottom had established the transfer price based on its normal gross profit rate. What are the consolidated sales and cost of goods sold? Multiple Choice $1.019,000 and $675.970. $1.019,000 and $678,340 $1,019,000 and $699,700. O $981900 and $856,340 Prey 6 of 10 Next >