Pole Corporation owns 65 percent of Stick Company's stock. At the end of 20X3, Pole and Stick reported the following partial operating results and inventory balances:

	Pole			Stick
Total Sales	$	750,000			$	200,000
Sales to Stick Company		150,000
Sales to Pole Corporation						75,000
Net income						35,000
Operating income (excluding investment income from Stick):		73,000
Inventory on hand, December 31, 20X3, purchased from:
Stick Company		11,000
Pole Corporation						62,000

Pole regularly prices its products at cost plus a 40 percent markup for profit. Stick prices its sales at cost plus a 25 percent markup. The total sales reported by Pole and Stick include both intercompany sales and sales to nonaffiliates.

10) Based on the information given above, what amount of sales will be reported in the consolidated income statement for 20X3?

A) $725,000

B) $750,000

C) $875,000

D) $950,000

11) Based on the information given above, what balance will be reported for inventory in the consolidated balance sheet for December 31, 20X3?

A) $8,800

B) $44,286

C) $53,086

D) $73,000

Please explain using clear math steps how to arrive at the bolded answers thank you