points Pearl company acquired 65% of Coral company on January 1, 2020. On December 2021 Pearl reported sales of $1,700,000, cost of goods sold of $800,000 and operating expenses of 250,000. Coral reported sales of $900,000, cost of goods sold of $400,000 and operating expenses $120,000 Coral sold inventory costing $150,000 to Pearl for $200,000. 15% of the goods transferred tomain in ending inventory at transfer price Required: 1. Calculate consolidated cost of goods sold. 2. Prepare consolidation entry G 3. Calculate net income attributable to noncontrolling interest Explain how net income attributable to noncontrolling interest would differ assuming the transfor is downstream. NO CALCULATION IS REQUIRED