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Selected accounts from the year-to-date financial statements for Nowak Company and its wholly owned subsidiary, Shawinigan Ltd., were as follows: Nowak Shawinigan Consolidated Cash $

Selected accounts from the year-to-date financial statements for Nowak Company and its wholly owned subsidiary, Shawinigan Ltd., were as follows: Nowak Shawinigan Consolidated Cash $ 570 $ 180 $ 750 Inventory 750 1,740 2,310 Deferred income tax asset 210 90 372 Sales 9,100 5,200 13,700 Cost of sales 6,370 4,000 8,800 Income tax expense 910 450 1,340 Additional Information The above statements include the only intercompany transaction this year which was a cash sale of $600 by Nowak to Shawinigan at its regular margin of 30% of sales and accrued income tax at its tax rate of 40%. Today, Shawinigan sold $400 of the inventory it had purchased from Nowak to an arm's length party at its regular markup of 30% over cost and accrued income tax at its tax rate of 40%. Required: Determine the account balance for each account on the three financial statements after the new transaction is recorded. (Input all amounts as positive values. Omit $ sign in your response.) Nowak Shawinigan Consolidated Cash $ 570 $ 580 $ 1150 Inventory 750 1460 2090 Deferred income tax asset 210 53 226 Sales 9100 5600 14100 Cost of sales 6370 4307 10216 Income tax expense 910 486

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