Tiberend, Inc., sold $147,000 in inventory to Schilling Company during 2017 for $245,000. Schilling resold $109,000 of this merchandise in 2017 with the remainder to be disposed of during 2018. Assuming that Tiberend owns 34 percent of Schilling and applies the equity method, what journal entry is recorded at the end of 2017 to defer the intra-entity gross profit? Record the entry at the end of 2017 to defer unrealized gross profit.