Upstream Intercompany Merchandise Transactions Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% markup on cost. Information on these intercompany merchandise transactions is below Inventory balance on Krocker's books, purchased from Jimmitz, January 1, 2023 $15.000 Inventory balance on Krocker's books, purchased from jmmitz, December 31, 2023 18.750 Total sales revenue recorded by Jimmitz on merchandise sales to Krocker in 2023 2.000.000 Required a. Prepare the working paper eliminating entries related to these intercompany transactions at December 31, 2023. Description Debit Credit Retained earnings, beg-rocker Cost of goods sold To eliminate the intercompany profe from rocker's beg wentory Sales revenue ON Cost of goods sold To eliminate intercompany sales and purchases Cost of goods sold Inventories To eliminate the intercompany profit from Kryckers ending inventory OW b. Krocker sold shoes containing Jimmitz's shoe accessories during 2023. What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in 2023? Krocker: 01 Jimmites o