Pot Co. holds 90% of the common stock of Skillet Co. During 2021, Pot reported sales of $1,120,000 and cost of goods sold of $840,000. For this same period, Skillet has sales of $420,000 and cost of goods sold of $252,000.

Included in the amounts for Skillet's sales were intra-entiry gross profits related to Skillet's intra-entiy transfer of merchandise to Pot for $140,000. There were no intra-entity transfers from Pot to Skillet. Intra-entiry transfers had the same markup as sales to outsiders. Pot still had 40% of the intra-entity gross profit remaining in ending inventory at the end of 2021. What are consolidated sales and cost of goods sold, respectively for 2021?

A. $1,400,000 and $952,000

B. $1,400,000 and $966,000

C. $1,540,000 and $1,078,000

D. $1,400,000 and $974,400

E. $1,540,000 and $1,092,000