In preparing the consolidation worksheet for Pencil Corporation and its 60 percent-owned subsidiary, Stylus Company, the following consolidation entrles were proposed by Penclil's bookkeeper: Pencil'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 205 were from Stylus to Pencil, and Stylus selis inventory at cost plus 40 percent of cost. Pencil uses the fully adjusted equity method in accounting for its ownership in Stylus. Required: a. What percentage of the intercompany inventory transfer was resold prior to the end of 205 ? (Do not round your intermediate calculations. Round your final answer to nearest whole percentage.) entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Do not round intermediate calculations.) entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) Consolidation Worksheet Entries Record the entry to eliminate intercompany receivable/payable. Mote fruks delats bedore ardits