Pop Company holds 70% of Son Company stock. Pop has sold inventory to Son Company as...

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Pop Company holds 70% of Son Company stock. Pop has sold inventory to Son Company as follows: Percent of Sold Sales Inventory Cost to Price to Held at Year Pop Son Year end 2018 $203,000 $355,000 30% 2019 $208,000 $312,000 40% 2020 $120,000 $150,000 25% 2021 $150,000 $250,000 20% The following balances were included in the individual financial statements of each company for the year ended 12/31/2021: Pop Son Sales $ 6,500,000 3,700,000 Cost of goods sold Merch. inventory $ 3,470,000 2,200,000 $ 590,000 350,000 Pop Company holds 70% of Son Company stock. Pop has sold inventory to Son Company as follows: Percent of Sold Sales Inventory Cost to Price to Held at Year Pop Son Year end 2018 $203,000 $355,000 30% 2019 $208,000 $312,000 40% 2020 $120,000 $150,000 25% 2021 $150,000 $250,000 20% The following balances were included in the individual financial statements of each company for the year ended 12/31/2021: Pop Son Sales $ 6,500,000 3,700,000 Cost of goods sold Merch. inventory $ 3,470,000 2,200,000 $ 590,000 350,000