QUESTION 3 Pelga Company routinely receives goods from its 70 percent owned subsidiary, Swede Corporation. In 2014, Swede sold merchandise that cost $118,800 to Pelga for $198,000. One-third of this merchandise remained in Pelga's December 31. 2014 inventory. This inventory was sold in 2015. During 2015, Swede sold merchandise that cost $48,000 to Pelga for $120,000. $120,000 of the 2015 merchandise inventory remained in Pelga's December 31, 2015 inventory. Selected incom statement information for the two affiliates for the year 2015 was as follows: Company Pelga Swede Sales Revenue $265,000 $213,000 Cost of Goods Sold 199,000 172.000 Gross profit $66,000 $41,000 What amount of unrealized profit did Pelga Company have at the end of 2015