Pop Company holds 70% of Son Company stock. Pop has sold inventory to Son Company as follows: Percent of Sold Sales Inventory Cost to Price to Held at Year Pop Son Year end 2018 $203,000 $355,000 30% 2019 $208,000 $312,000 40% 2020 $120,000 $150,000 25% 2021 $150,000 $250,000 20% The following balances were included in the individual financial statements of each company for the year ended 12/31/2021: Pop Son Sales $ 6,500,000 3,700,000 Cost of goods sold Merch. inventory $ 3,470,000 2,200,000 $ 590,000 350,000 a. What will be reported as consolidated sales in the year 2021? b. What will be reported as consolidated inventory at 12/31/2021? c. What will be reported as consolidated cost of goods sold for 2021? d. Were the intra-entity sales of inventory items upstream or downstream?