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During 2019, Slacks sold inventory to Primadonna for $300,000. The cost of this inventory, to Slacks, was $200,000. $60,000 remains in the ending inventory of Primadonna on December 31, 2019. 0 During 2020, Slacks sold inventory to Primadonna for $320,000. The cost of this inventory, to Slacks, was $240,000. $136,000 remains in the ending inventory of Primadonna on December 31, 2020. On January 1, 2019, Primadonna sold equipment to Slacks for $160,000. On this date, the equipment was carried on Primadonna's books at a cost of $200,000 with accumulated depr'Eciation of $112,000. Both companies estimated that the equipment has a remaining life of 10 years on the intercompany sale date, with no salvage value. The asset is depreciated using the straightline method. On January 1, 2020, Primadonna sold land to Slacks for $100,000. That amount was considered to be the fair value of the land on that date. The cost of the land on Primadonna's books was $44,000. As of December 31, 2020, Slacks still owed Primadonna the entire $100,000 for this land. This liability is non-interest bearing and is included in accounts receivable of Primadonna and accounts payable of Slacks. Primadonna accounts for its investment in Slacks using the equity method. Unconfirmed profits are allocated prorate