Phone Corporation owns 80 percent of Smart Company's stock. At the end of 208. Phone and Smart reported the following partial operating results and inventory balances: Phone regularly prices its products at cost plus a 40 percent markup for profit. Smart prices its sales at cost plus a 20 percent markup. The total sales reported by Phone and Smart include both intercompany sales and sales to nonaffilates. Required: o. What amount of sales will be reported in the consoliclated income statement for 208 ? b. What amount of cost of goods sold will be reported in the 208 consolidated income statement? Note: Do not round intermediate colculotions and round your finol onswers to nearest whole dollor amount. c. What amount of consolidated net income and income to controlling interest will be reported in the 208 consolidated income statement? d. What bafance will be reported for inventory in the consolidated balance sheet for December 31,208