Wilma Inc. acquired all of Barney Co. on January 1, 2021.Wilma decided to use theinitial value methodto account for this investment. During 2021, Wilma sold to Barney for $600,000 inventory with a cost of $500,000. At the end of the year 30% of the goods were still in Barney's inventory.

Required:

PrepareConsolidation Entry TIfor the intra-entity transfer andConsolidation Entry Gfor the ending inventory adjustment necessary for the consolidation worksheet at December 31, 2021.