A Moving to another question will save this response. Question 6 Question 2 points Martinez, Inc., owns 70% of Oliver, Inc. During the year just ended, Martinez sold goods with a 30% gross profit to Oliver. Oliver sold all of these goods during they In its consolidated financial statements for the year, how should the summation of Martinez and Oliver income statement items be adjusted? o Net income should be reduced by 70% of the gross profit on intra-entity sales O No adjustment is necessary Sales and cost of goods sold should be reduced by 70% of the intra-entity sales Sales and cost of goods sold should be reduced by the intra-entity sales