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Peterson Corporation acquired 80 percent of the outstanding voting stock of Summer Company on January 1, 2020. Summer sells inventory to Peterson at a markup equal to 60 percent of cost. Intra-entity transfers were $54,000 in 2020 and $84,000 in 2021. Of this inventory, $25,000 of the 2020 transfers were retained and then sold by Peterson in 2021, whereas $39,000 of the 2021 transfers were held until 2022 Assume the amount of cost of goods sold reported in Peterson and Summer Company's 2021 individual financial record is $310,000 and $217,000, respectively. The amount of cost of goods sold that would appear on consolidated financial statement for 2021 would be $448,250 O $437,750 $457,625 $451,400 Moving to ar