Peach Corporation owns 60% of Star Company's voting shares. During 20X4, Peach produced 25.000 computer desks at a cost of $82 each and sold 10.000 of them to Star for $94 each. Star sold 7.000 of the desks to unaffiliated companies for $130 each prior to December 31, 20X4, and sold the remainder in early 20X5 for $140 each. Both companies use perpetual inventory systems. Required: a. What amounts of cost of goods sold did Peach and Star record in 20X4? b. What amount of cost of goods sold must be reported in the consolidated income statement for 20X4? c. Give the consolidation (elimination) entry(ies) needed in preparing consolidated financial statements at December 31, 20X4 relating to the intercorporate sale of inventory! d. Give the consolidation (elimination) entry(ies) needed in preparing consolidated financial statements at December 31, 20X5 relating to the intercorporate sale of inventory