Whether inter$-$company inventory sales are upstream or downstream has no effect on consolidation procedures when

Select one:

Inter$-$company sales:

$$

Unsold at year end $($based on selling price$)$:

$2020$:

$$18,000$

$$

$2020$:

$$4,000$

$2021$:

$$19,400$

$$

$2021$:

$$6,000$

$2022$:

$$21,500$

$$

$2022$:

$$8,000$

Martindale's profit numbers were $$125,000,$ $$142,000$ and $$265,000$ for $2020,2021,$ and $20$