In preparing the consolidation worksheet for the Bolger Corporation and its 60 percent owned subsidiary Feldman Company, the Bolger bookkeeper proposed the following consolidation entries:

Worksheet Entries	Debit	Credit
Money	87,000
Accounts payable		87,000
To consolidate the unpaid balance of intercompany inventory sales in 20X5.
cost of goods sold	16,200
Subsidiary income		16,200
To consolidate unrealized inventory gains as of December 31, 20X5.
Subsidiary income	189,000
Sales		189,000
To consolidate intercompany sales for 20X5.

Bolger's bookkeeper is a recent graduate of Oddball University, and while the dollar amounts on record are correct, he had some confusion determining which accounts needed adjustment. All intercorporate sales in 20X5 were from Feldman to Bolger, and Feldman sells inventory at cost plus 40 per cent of cost. Bolger uses the fully adjusted equity method to account for his interest in Feldman.

Required:

a.	What percentage of the intercompany inventory transfer was resold before the end of 20X5? (Do not round your intermediate calculations. Round your final answer to the nearest whole percent.)

b.	Prepare the necessary consolidation entries as of December 31, 20X5 to prepare consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)