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Patterson Company acquired 60 percent ownership of Amber Company's voting shares on January 1, 202. During 20X5, Patterson purchased inventory for $27,000 and sold the full amount to Amber Company for $37,000. On December 31,205, Amber's ending inventory included $7,400 of items purchased from Patterson. Also in 205, Amber purchased inventory for $54,000 and sold the units to Patterson for $84,000. Patterson included $21,000 of its purchase from Amber in ending inventory on December 31,205. Assume the amount of cost of goods sold reported in Patterson and Amber Company's 205 individual financial record is $235,000 and $104,000, respectively. The amount of cost of goods sold that would appear on consolidated financial statement for 205 would be: $329,500 $254,500 $339,000 $227,500