Question 3 (9 points) Star Corp. owns 85% of the common stock of Ship, Inc. In the current year, Star reports sales of $782,500 and cost of goods sold of $547,750. For the same period, Ship has sales of $324,000 and cost of goods sold of $243,000. During the year, Star sold merchandise to Ship for $75,000 at a price based on the normal margin. At the end of the year, Ship still possesses 16 percent of this inventory. a) Compute consolidated sales (2 points) b) Compute consolidated cost of goods sold (3 points) c) Assume the same information, except Ship sold inventory to Star. Compute consolidated cost of goods sold [4 points)