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During 2017, Jordan sells merchandise costing $1,000,000 to Parrish for $1,500,000. At the end of 2017, all of the merchandise remains in Parrish's inventory. Prepare the eliminations entries for this sale that would be needed to consolidate Jordan and Parrish. 1. 2. During 2017, Westhaven sells inventory to Jasco Inc. at a price of $500,000. Westhaven had purchased the inventory for $220,000. Jasco resold $400,000 of the inventory before the year ended and has the remainder in a warehouse. Prepare the eliminations entries for this sale that would be needed to consolidate Westhaven and Jasco 3. During 2017, ABC sells inventory to its subsidiary ZZ Company. ABC purchased the inventory for $300,000 and sold it to ZZ at a markup of 30% on cost. ZZ did not resell any of the inventory before the year ended. Prepare the eliminations entries for this sale that would be needed to consolidate ABC and ZZ Company. During 2017, Mary sells merchandise costing $300,000 to Sybil for $400,000. At the end of 2017, 70% of the merchandise remains in Sybil's inventory. Prepare the eliminations entries for this sale that would be needed to consolidate Mary and Sybil. 4. A parent company sells merchandise to its 100% owned subsidiary at a markup of cost + 60% is the parent's gross profit percentage on these sales? 5. , what