Questions no.9 through 14 are based on the below fact: Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per year for patented technology resulted from the original acquisition. For 2018, the companies had the following account balances: Akron Toledo Sales $1,100,000 $600,000 Cost of goods sold 500,000 400,000 Operating expenses 400,000 220,000 Investment income Not given Dividends declared 80,000 30,000 Intra-entity sales of $320,000 occurred during 2017 and again in 2018. This merchandise cost $240,000 each year. Of the total transfers, $70,000 was still held on December 31, 2017, with $50,000 unsold on December 31, 2018. QUESTION 13 How much the consolidated net income Dec 31, 2018? $170,000 $171,000 $635,000 $175,000 OSO QUESTION 14 How much would be the ending balance of consolidated retained earnings? (nearest balance) $42,500 $90,000 $10,000 $122,500 $152,500