Question: Sharpe electronics corp holds a 75% stake in worldwide electronics corp. On Oct 29, 20x4, from a nonaffiliated. Worldwide sold the inventory to sharpe for

Sharpe electronics corp holds a 75% stake in worldwide electronics corp. On Oct 29, 20x4, from a nonaffiliated. Worldwide sold the inventory to sharpe for $10000 on Nov.15, 20X4. Sharpe resold this inventory to a non affiliate on Jan 25, 20X5. Assuming that sharpe had separate operating income of $300,000 and worldwide had net income of 350000 for 20X4, Calculate worldwide realized income for 20X4.

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