only do part b. DO NOT INCLUDE ANY OF THE INCORRECT ANSWERS IN YOUR ANSWER. it's sad I have to say this but multiple people have done it today. only fix the wrong answers and don't give me an explanation. I want the correct answer only that's it.

In preporing the consolidotion worksheet for Pencil Corporation and its 60 percent-owned subsidiary, 5tylus Compony, the following consolidation entries were proposed by Pencil's bookkeeper. To eliminote the unpoid balance for intercorporate inventory soles in 205. To eliminate unrealized inventory profits ot December 31,205. To eliminate intercompony sales for 205 Pencil's bookkeeper recently graduated from Oddball University, and although the dollar amounts recorded are correct, he had some confusion in determining which occounts needed odjustment. All intercorporate soles in 205 were from Stylus to Pencil, and Stylus sells inventory ot cost plus 40 percent of cost. Pencil uses the fully oojusted equity method in occounting for its ownership in Stylus. Required: a. Whot percentoge of the intercompony inventory tronsfer was resold prior to the end of 205 ? Note: Do not round your intermediate calculations. Round your final answec to nearest whole percentage. Answer is complete and correct. Intercompany inventary b. Prepare the oppropriate consolidation entries needed at December 31,205, to prepare corsolidoted financial-statements. Note: If no entry is required for a transactlonlevent, select "No journalentry-required" in the first account field. Do not round Intermediate calculations