Pliable Company holds 75% of Stiff Company stock. Pliable has transferred inventory to Stiff Company as follows: Percent of Transferred Sales Inventory Cost to Price to Held at Year Pliable Stiff Year end 2018 $203,000 $355,000 30% 2019 $208,000 $312,000 45% 2020 $120,000 $150,000 40% 2021 $150,000 $250,000 40% The following balances were included in the individual financial statements of each company for the year ended 12/31/2021: Pliable Stiff Sales $ 7,800,000 3,600,000 Cost of goods sold $ 3,490,000 2,320,000 Merch, inventory $ 610,000 380,000 a. What will be reported as consolidated sales in the year 2021? b. What will be reported as consolidated inventory at 12/31/2021? c. What will be reported as consolidated cost of goods sold for 2021? d. Were the intra-entity sales of inventory items upstream or downstream?