Intraentity Eliminations: On January 2, Year 7, Big Inc. with no prior equity interest in Small Corp. purchased 90% of its 100,000 outstanding common shares for cash of $155,000. On that date, (1) the Small's equity equaled $150,000, (2) the acquisition-date fair values of Small's assets and liabilities equaled their carrying amounts, and (3) the fair value of the noncontrolling interest (NCI) was 10% of the implied fair value of Small. During Year 7, Small sold merchandise to Big for $60,000, which included a profit of $20,000. At December 31, Year 7, half of this merchandise remained Big's inventory. Determine the dollar effect on Year 7 of the adjustment to consolidated income before considering any noncontrolling interest. Ignore income tax considerations. Enter all amounts as positive balances with appropriate commas. Do not use $'s or decimals. Intraentity Eliminations: On January 2, Year 7, Big Inc. with no prior equity interest in Small Corp. purchased 90% of its 100,000 outstanding common shares for cash of $155,000. On that date, (1) the Small's equity equaled $150,000, (2) the acquisition-date fair values of Small's assets and liabilities equaled their carrying amounts, and (3) the fair value of the noncontrolling interest (NCI) was 10% of the implied fair value of Small. During Year 7, Small sold merchandise to Big for $60,000, which included a profit of $20,000. At December 31, Year 7, half of this merchandise remained Big's inventory. Determine the dollar effect on Year 7 of the adjustment to consolidated income before considering any noncontrolling interest. Ignore income tax considerations. Enter all amounts as positive balances with appropriate commas. Do not use $'s or decimals