NUMBERS BELOW ARE CORRECT; PLEASE ANSWER QUESTIONS $3$ & $4,$ SHOW ACCOUNTING FOR DEFERRED PROFIT FROM INTERCOMPANY TRANSFERS!!!

sales in the $20$X$8$ consolidated income statement $(3$ points$)$

$-$Pole Intercompany sales $=$ $$50,000$

$-$South Intercompany sales $=$ $$100,000$

$-$Consolidated sales $=$ Pole sales $+$ South sales $$ Intercompany sales

$=300,000+172,000-150,000$

$=$ $$322,000$

cost of goods sold in the $20$X$8$ consolidated income statement $(3$ points$)$

$-$Pole Intercompany COGS $=$ $$30,000$

$-$South Intercompany COGS $=$ $$10,000$

$-$Consolidated COGS $=$ Pole COGS $+$ South COGS $$ Intercompany COGS

$=190,000+110,000-40,000$

$=$ $$260,000$