4 6 points ellook E6-8 Inventory Transfer between Parent and Subsidiary LO 6-3 Planner Corporation owns 70 percent of Schedule Company's voting shares. During 20X3, Planner produced 35,000 computer desks at a cost of $84 each and sold 20,000 of them to Schedule for $96 each. Schedule sold 12,000 of the desks to unaffiliated companies. for $130 each prior to December 31, 20X3, and sold the remainder in early 20X4 for $140 each. Both companies use perpetual inventory systems. Required: a. What amounts of cost of goods sold did Planner and Schedule record in 20X3? References Planner Corporation Schedule Company Cost of Goods Sold b. What amount of cost of goods sold must be reported in the consolidated income statement for 20X3? (Do not round intermediate calculations.) Cost of goods sold