On January 1, 2017 Mare acquired 60% of Shimmy's stock.

Shimmy routinely sells merchandise to Mare, and all inventory carried over from one year is sold in the next year. During 2019, the intra-entity sales were $600,000 and cost Shimmy only $450,000 and Mare had $150,000 unsold merchandise at the end of the year. In 2018, the intra-entity sales totaled $625,000 and cost Shimmy only $500,000. At the end of 2018 Mare had $200,000 in unsold inventory.

What consolidation entries are required to account for these intra-entity transactions?