Parent owns 90% of SUB Company common stock. During October 2023, SUB sold merchandise to Parent for $300,000. On December 31, 2023, one-thirds of this merchandise remained in Parent's inventory. For 2023, gross profit margin percentages were 30% for Parent and 20% for SUB. Required: Calculate the amount of unrealized profit in the ending inventory on December 31, 2023 that should be eliminated in consolidation (The amount for the EI entry). Show your calculation? Prepare the EI entry