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On January 1, 2000 Frodo Company purchiried too:% of the voling stock of Bilsa Company it book vila whin the book value of Bilo's trials aquidad that for mirkoid values Froto accounts for is twatment in Bilbo using the Wild wild (ent method) and Bilbo doinint pity iny dividends On October 1at 2018, Frota Company sold inwintory to Bilbo Company for $1,031 011. Frate had purchicand the marchindiana for $700,001. Bilbo pild cich for the marchandiss and it hadn't sold any of this inventory in 2018 In 2019 Bilbo sold bok of the marchand acquired from Frota for $700, 001. In 2080 Bilbo sold the minit of the marchindia required from Frate for $0,00 ADDITIONAL INFORMATION FOR 2018, 2019 AND KOGO ARE AS FOLLOWS FROTO BILBO UNCONSOLIDATED NET INCOME 2018 UNCONSOLIDATED NET INCOME 2019 210 030 UNCONSOLIDATED NET INCOME SIR 4.800 000 INVENTORY 1231/18 BALANCE SHEET INVENTORY 1231/19 BALANCE SHEET 2800 000 INVENTORY 1231720 BALANCE SHEET 2500 000 1, 400 030 REQUIRED FOR 2018 A MAKE THE JOURNAL ENTRY FROTO MAKES WHEN IT SELLS THE MERCHANDISE TO BILBO (FRIOTO USES PERPETUAL INVENTORY) B) MAKE THE JOURNAL ENTRY BILBO MAKES WHEN IT BUYS THE MERCHANDISE FROM FROTO (BILBO USES PERIODIC INVENTORY) G MAKE ANY NECESSARY WORKSHEET ENTRIES CONNECTED WITH THE INVENTORY TRANSACTION D DETERMINE 218 CONSOLIDATED INCOME EX DETERMINE W18 CONSOLIDATED INVENTORY FOR 2019 A MAKE THE JOURNAL ENTRY BILBO MAKES WHEN IT SELLS THE FROTO MERCHANDISE B) MAKE ANY NECESSARY WORKSHEET ENTRIES CONNECTED WITH THE INVENTORY TRANSACTION G DETERMINE 8019 CONSOLIDATED INCOME D DETERMINE 2019 CONSOLIDATED INVENTORY FOR SIX A MAKE ANY NECESSARY WORKSHEET ENTRIES CONNECTED WITH THE INVENTORY TRANSACTION B DETERMINE KIM CONSOLIDATED INCOME G DETERMINE KIM CONSOLIDATED INVENTORY