Parent purchased inventory costing $ 16,000 and sold it to subsidiary for $ 20,000. Which of the following entry is passed to eliminate sale of inventory from Parent to Subsidiary and not yet to outsider? 20000 1. Sales (Parent) Dr. 16000 Inventory Dr. 4000 Cost of Goods Sold 2. Sales (Parent) Dr. 20000 Cost of Goods Sold (Parent) Cr. 16000 Inventory Cr. 4000 Dr. 16000 3. Cost of Goods Sold Inventory Sales Cr. Dr. 4000 20000 20000 4. Cost of Goods Sold Dr. Sales Cr. 16000 Inventory Cr. 4000