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The following intercompany transactions occurred during the year: Parent loaned $12500 to Sub. To keep things simple, assume that there is no interest revenue or

The following intercompany transactions occurred during the year: Parent loaned $12500 to Sub. To keep things simple, assume that there is no interest revenue or interest expense associated with this loan. Parent made a sale to Sub for $13000 cash. The inventory had originally cost Parent $12220. Sub then sold that same inventory to an outsider for $14000. Parent made a sale to Sub for $15000 cash. The inventory had originally cost Parent $11280. Sub has not yet sold that same inventory to an outsider. (Dont forget equity method entry!) Based on our conceptual discussion, what consolidation worksheet entries would you make?

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