solution for the screenshot, the correct answer is 435,200

Question 9 0 out of 10 points ff France Ltd owns all the capital of Paris Ltd since 1 July 2015. Paris Ltd sold France Ltd $480,000 of inventory with 50% of mark-up on 1 June 2016 and France Ltd was able to sold only 72% of the l goods to an outside company on 30 June 2016. The following represents the consolidation adjustment entries in related to the inventory Sales Revenue Cost of Goods Sold xxx Inventory Deferred tax asset Income tax expense Calculate and enter the amount of Cost of Goods Sold as marked as xxx in the answer block below: Selected Answer: 0 [None Given] Correct Answer: 0 435,200 1 1