Remaining Time 58 minutes, 53 seconds. Question Completion Status: 1 2 Morre to another question will save this response 3 Question 26 Question 2 4 points Sew Pearl company acquired 80% of Coral company on January 1, 2020. On December 2021 Pearl reported sales of $1,700,000, cost of goods sold of $800,000 and operating expenses of 250,000. Coral reported sales of $900,000, cost of goods sold of $400,000 and operating expenses $120,000 Coral sold inventory costing $150,000 to Pearl for $200,000, 40% of the goods transferred remain in ending inventory at transfer prico. Required: 1. Calculate consolidated cost of goods sold. 2. Prepare consolidation ontry'G Calculate net income attributable to noncontrolling interest. 4. Explain how net income attributable to noncontrolling interest would differ assuming the transfer is downstream. NO CALCULATION IS REQUIRED