In preparing the consolidation worksheet for Bolger Corporation and its 60 percentowned subsidiary, Feldman Company, the following consolidation entries were proposed by Bolger's bookkeeper:

Worksheet Entries	Debit	Credit
Cash	87,000
Accounts Payable		87,000
To consolidate the unpaid balance for intercorporate inventory sales in 20X5.
Cost of Goods Sold	16,200
Income from Subsidiary		16,200
To consolidate unrealized inventory profits at December 31, 20X5.
Income from Subsidiary	189,000
Sales		189,000
To consolidate intercompany sales for 20X5.

Bolger's bookkeeper recently graduated from Oddball University, and although the dollar amounts recorded are correct, he had some confusion in determining which accounts needed adjustment. All intercorporate sales in 20X5 were from Feldman to Bolger, and Feldman sells inventory at cost plus 40 percent of cost. Bolger uses the fully adjusted equity method in accounting for its ownership in Feldman.

Required:

a.	What percentage of the intercompany inventory transfer was resold prior to the end of 20X5? (Do not round your intermediate calculations. Round your final answer to nearest whole percentage.)

b.	Prepare the appropriate consolidation entries needed at December 31, 20X5, to prepare consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)