Kane Inc. owns 30% of Woodhouse Co. and applies the equity method. During the current year, Kane bought inventory costing $71,500 and then sold it to Woodhouse for $130,000. At year-end, only $30,000 of merchandise was still being held by Woodhouse. What amount of intra- entity gross profit must be deferred by Kane? Multiple Choice O $5,600 $9,000 $13,500 $17.550 4.050