Smith Co. acquired 100% of Cars Carson, Inc. for $520.000 the end of the year. In their pre-con and $750,000 for Carson, Inc. ne, for of Carson Inc 2017 During 2017. Sm cost Smith Co $300.000 Carson Inc still owned or pre-consolidation books cost of goods sold was 2017 During 2017. Smith Co. sold goods to 0.000. Carson, Inc. still owned 40% of the goods at Ok, cost of goods sold was $2.010.000 for Smith Co. Prepare all consolidation entries related Enter the Account name and the an untries related to inventory and cost of goods sold for 2017 the amount of either debitor credit in the applicable column. Account Compute consolidated cost of goods sold for 2017 Consolidated cost of goods sold $ Assuming that the remainder of the inventory was sold to third parties during 2018, prepare the 2018 consolidation entry to recognize the previously deferred profit. Enter the Account name and the amount of either debit or credit in the applicable column.