LI P Company owns 70% of S Company's common stock. During 2020, S sold $800,000 of merchandise to P With a profit margin of 25% of the cost. At December 31, 2016, one-fourth (1/4) of the merchandise remained in P's inventory. The amount of unrealized inter-company profit that should be eliminated on the work-paper is Select one: 28000 O 30000 O 200000 O 40000 O