Problem 6-17 (Static) Consolidated Income Statement Data LO 6-4\ Paint Corporation owns 60 percent of Stain Company's shares. Partial 20X2 financial data for the companies and consolidated entity were as follows:\ \ Paint Corporation Stain Company Consolidated Totals\ Sales $ 550,000 $ 450,000 $ 820,000\ Cost of Goods Sold 310,000 300,000 420,000\ Inventory, December 31 180,000 210,000 375,000\ On January 1, 20X2, Paint's inventory contained items purchased from Stain for $75,000. The cost of the units to Stain was $50,000. All intercorporate sales during 20X2 were made by Stain to Paint.\ \ Required:\ What amount of intercorporate sales occurred in 20X2?