Problem 3 Gotham city Inc. owns all the outstanding stock of joker County Inc. amortization expense of $25,000 per year for patented technology resulted from the original acquisition for 2022 . The companies reported the following balances in the their respective internal record. During 2021 Joker county recorded intra-entity sales to Gotham city in the amount of $400,000 for goods that cost joker county $300,000 during 2022 Joker county recorded into entity sales to Gotham city in the amount of $300,000 for goods that cost Joker county $150,000 of the intraentity transfers 50% was still on the books of Gotham city on each of the last two year ends. Assume those goods are sold in the subsequent year. For consolidation purposes, does the direction of the transfers, upstream or downstream affect the consolidated totals to be reported for external reporting purposes Prepare consolidated income statement for Gotham city ink and ts subsidiary joker county ink for the year end of December 31, 2022