Top Company holds 90 percent of Bottom Company's common stock. In the current year, Top reports sales of $990,000 and cost of goods sold of $544,500. For this same period, Bottom has sales of $490,000 and cost of goods sold of $294,000. During the current year, Top sold merchandise to Bottom for $290,000. The subsidiary still possesses 50 percent of this inventory at the current year-end. Top had established the transfer price based on its normal gross profit rate. What are the consolidated sales and cost of goods sold? Multiple Choice $1,190,000 and $679,000. $1,190,000 and $824,000. $1,190,000 and $613,750. $1,141,000 and $621,000