Place Company owns 70% of the common stock of Sassano, Inc. In the current year, Place company reports sales of $11,000,000 and cost of goods sold of $8,500,000. For the same period, Sassano has sales of $300,000 and cost of goods sold of $260,000. During the year, Place company sold merchandise to Sassano for $70,000 at a price based on the normal markup. At the end of the year, Sassano still possesses 30 percent of this inventory. Assume the same information, except Sassano sold inventory to Place company. Compute consolidated sales.