ParCorp owns 90 percent of ChiCorp. ParCorp purchased inventory from ChiCorp for $90 on August 20, 20X8, and resold 70 percent of the inventory to unaffiliated companies on December 1, 20X8, for $100. ChiCorp produced the inventory sold to ParCorp for $67. Provide the elimination entry for Dec 31, 20X8 consolidation.