in preparing the consolidation worksheet for Bolger Corporation and its 60 percent-owned subsidiary Feldman Company the following consolidation entries were proposed by Bolgers bookkeeper 93,000 Cash Accounts Payable To consolidate the unpaid balance for intercorporate inventory sales in Cost of Goods Sold Income from Subsidiary 93.000 13.200 13.200 Tocosoidlercember 31.20X5 154,000 Income from Subsidiary Sales To consolidate intercompany sales for 20X5. 154,000 Bolger's bookkeeper recently graduated from Oddball University, and although the dollar amounts recorded are correct, he had some confusion in delermining 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 Foldman. 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.) Intercompany inventory 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.) view transaction list Consolidation Worksheet Entries 2 Record the entry to eliminate the beginning inventory profit. Note: Enter debits before credits. Credit Entry Debit Accounts view consolidation entries Clear entry Record entry