On $1$ December $2016,$ Square $($Subsidiary$)$ sold goods to Circle $($Parent$)$ for

$110,000.$ Selling prices are set by marking up the cost of goods by $10\%.$

By $31$ December $2017$ Circle had sold $30\%$ of those goods to a third party.

Circle owns $80\%$ of Square.

Required:

Calculate PURP.

What is the adjustment in the consolidated SOFP?