Pure company owns 60% of simple, inc. During 2018 Pure sold inventory costing $200,000 to Simple for $300,000. By year-end Simple sold HALF of the product from Pure. Sales for the the companies appear below.

________Pure . Simple

Sales 1,000,000 . 700,000

COGS (400,000) . (350,000)

Gross P 600,000 . 350,000

1. What amount is in ending inventory related to this sale on the books of Simple ?

2. On the consolidated income statement, what amount should be reported as sales revenue?

3. On the consolidated income statement, what amount should be eliminated from cost of goods sold?

If anyone could help me with this that would be amazing! It's advanced financial accounting relating to intercompany sales