Refer to this data for questions Parent Corporation Box of Sublic common stock that was purchased at its underlying book value. At the time of purchase, the book value and value of Subnet sits were equal During 20X4, one company sold inventory to the other company for $60.000 which cost the transferor $45.000. As of the end of 20X4, one-third of the inventory was unsold 20x5, the remaining inwentory was resold outside the consolidated entity The two companies report the following information for 20X4: 20X4 Selected Data Sales Revenue Cort of Goods Sold Other Expenses Separate Net Incomes Parent 5600.000 320,000 100,000 S120.000 19.000 SUD $320,000 155.000 09.000 576.000 Dividers Pad 1 if the sale referred to above was a downstream sale, the total sales revenue reported in the consolidated income statement for 20X4 would be yts out of 20 Flagston Select one a $875.000 Ob 5860.000 @ $920,000 som the sale referred to above wat downstream sale by what amount must inventory on the comodited balance sheet be reduced to reflect the correct balance of the end of 2041 Select one Oa: 52.700 Ob $15.000 O 59.000 Od 35.000 BS- D3 Foc 20X4. consolidated net income will be what amount of the intercompany sale windowstream! 20 5171.000 Ob $165.000 Ole $251.000 od 1261.000 O $256.000