Peter Corporation (the parent) during the year ended December 31, 2018, sold merchandise costing $180,000 to Smith Company (a 75%-owned subsidiary) for a price of $225,000. Smith sold $190,000 of the intercompany merchandise purchased from Peter to outside customers for $322,000 during 2018. What is the intercompany mark-up? Record the journal entries Provide the inventory schedule for the Parent, Subsidiary, and Parents Actual: Beginning Inventory, Purchases, Cost of Goods Sold and Ending Inventory. What is the unrealized profit? Create the partial Income Statement and Balance Sheet with the elimination entries and consolidated results. Record the elimination entries for the intercompany sale What is the actual mark up to the customer for this sale? What would be the elimination entry in the following year when the profit is realized?