How would I enter the parent to sub-transaction as a journal entry when I consolidate these books...

I am consolidating the books for Dec 31, 2022. SBW owns 90% of share in CDL;

SBW periodically purchases material from CDL. Total sales from CDL to SBW for 2022 were $1,479,000 and for 2021 $1,281,000.CDL earns gross profit of 40% on these sales. SBW determined that at the year end (2022), 30% of the purchases from CDL were in ending inventory whereas only 20% of the purchases were on hand at the end of 2021.

IN CDl Seperate stmts (statement of financial position Dec 31) - inventory in 2021 is listed at $2,217,580 and inventory for 2022 is listed at $2,612,000

IN SBW Seperate statements(statement of financial position Dec 31) - inventory in 2021 is listed at $35,927,220 and inventory for 2022 is listed at $29,938,180

Saskatoon Berry Winery Ltd. Draft Statement of Financial Position At December 31 2022 2021 (In CDN$) Cash Accounts receivable Inventory Current assets Notes receivable Investments, at cost Investments in Subsidiaries Property and equipment (net) Land Intangible assets (net) Total Assets 3,515,497 $ 2,569,470 15,873,110 15,251,366 29,938,180 35,927,220 49,326,787 $ 53,748,056 3,639,604 2,287,120 1,300,000 1,300,000 17,809,750 9,000,000 35,356,344 38,036,930 2,535,720 2,935,720 1.198,930 1,224,920 $ 111,167,135 S 108,532,746 Accounts and other payables 25,938,698 19,561,270 Current portion of long-term debt Current liabilities 5,637,909 5,763,000 $ 31,576,607 $ 25,324,270 Long-term debt $ 17,484,151 $ 23,122,060 Deferred income tax liability 4,559,550 3,866,860 Total liabilities $ 53,620,308 $ 52,313,190 Share capital 4,177,610 4,177,610 Retained earnings 53,369,217 52,041,946 Shareholders' equity $ 57,546,827 $ 56,219,556 Total liabilities and shareholder's equity 111,167,135 108,532,746