(ISTmtm4000,000..Its 90%ng2011 the 2. During 2011 the 2, parent reports Cost ofGoods Sold of$4,000,000. Its ld of $1,000,000 in 201 subsidiary reports Cost of Goods subsidiary had $60,000 of unrealized gains on intercompany sales to its parent. In 2012, the subsidiary had sold $200,000 of goods to its parent and had $30,000 of unrealized gains. How much is consolidated cost of goods sold in 2012. in 2012 the subsidiary had net income of trolling interest in subsidiary net income in 2012, 7) Same facts as problem 19. Assume $150,000. What is the noncon Adams owns 80% of Williams and the carrying value of the investment on January 1, 2012 is $600,000. On that date Adams sells half of its shares for $250,000. What journal entry is recorded at that date. 8. 9, reducing its ownership to 60%. What journal entry is recorded by Williams at that date. Same facts as#21 except that Adams sells 20% ofits investment for $150,000