Y Inc. is a wholly owned subsidiary of P Corporation. The following are excerpts from the 2019 condensed statements of financial position of the two companies: P Corp. Y Inc. Sales to Y P500,000 Sales to others 2,000,000 P1,500,000 Cost of goods sold from P 400,000 Cost of goods sold from others 1.750,000 950,000 Gross profit P750,000 P150,000 The soles of P to Y are made on the some terms as those made to others