Top Company holds 90 percent of Bottom Company's common stock. In the current year, Top reports sales of $862,000 and cost of goods sold of $646,500. For this same period, Bottom has sales of $363,000 and cost of goods sold of $235,950. During the current year, Bottom sold merchandise to Top for $110,000. The parent still possesses 30 percent of this inventory at the current year-end. Bottom had established the transfer price based on its normal gross profit rate. What are the consolidated sales and cost of goods sold? Multiple Choice O $1,078,700 and $894,000. $1,115,000 and $805,450. $1,115,000 and $784,000. $1,115,000 and $783,450