Gold Company acquired 75% of Silver Company on January 1, 2020. On December 31, 2020 Silver has common stock of $250,000 and retained earnings of $600,000 Intra-entity transfer of inventory during the years 2020 and 2021 include transfer price of $160,000 and $200,000, and cost of $120,000 and $140,000 respectively. Ending inventory was $32,000 in 2020 and $40,000 in 2021. Gold uses the equity method of accounting, Khalid was required to prepare consolidation entries "G' and 'S for the year 2021 under (1) a downstream transfer and (i) an upstream transfer. He prepared the following entry ONLY: 'S'Upstream transfer: Common stock-Subsidiary .250,000 Retained Earnings-Subsidiary, 1/1/21 592,000 Investment in Subs .631,500 Noncontrolling Interest-1/1/21 210,500 Required: 1. Prepare consolidation entry "G that should have been prepared before consolidation entry 'S' for the year 2021 2. Prepare consolidation entries "G' and 'S' when the transfer is downstream DIMAI