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Problem #1 Parent Company routinely receives goods from its 80\%-owned subsidiary, Subsidiary Corporation. In 2011, Subsidian sold merchandise that cost $80,000 to Parent for $100,000. Half of this merchandise remained in Farent's December 31,2011 inventory. This inventory was sold in 2012 . During 2012 , Subsidiary sold merchandise that cost $140,000 to Parent for $200,000.$80,000 of the 2012 merchandise inventory remained in Parent's December 31,2012 inventory. Selected income statement information for the two affiliates for the year 2012 was as follows: a) What amount of unrealized profit did Parent Company have at the end of 2012 ? b) Compute the Consolidated Cost of Goods Sold for Parent and Subsidiary for 2012 (use the grid)