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On December $31,2021,$ Palani Palates Ltd$.($PPL$)$ issued $125,000$ common shares to acquire $100\%$ of the common sharesof Soomin Sun Jung $($SSL$).$ On that date, PPL$\text{'}$s shares were trading for $$13\mathrm{.}25$ per share. On that date, the SSL assetsand liabilities had the following carrying and fair values:CashAccounts receivableInventoryEquipment, netLandTotal assetsAccounts payableBand payableCommon sharesRetained earringsTotal liabilities and shareholders' equityOn the date of acquisition:.$$Carrying value$ $65,000105,000295,0001,300,000275,0002\mathrm{.}040,000$The equipment had a remaining useful life of $8$ years.Inventory on hand was sold by December $31,2022.$$$220,000470,000400,000950,000$$ $2,040,000$Fair value$$65,000$SSL$\text{'}$s accounts receivable turns over every $42$ days.The band payable matures in $5$ years. Bond premiums and discounts are amortized using the straight$-$line method.Goodwill is tested for impairment each reporting period. In $2022,$ it was determined that goodwill was impairedby $$9,000.$ In $2025,$ the goodwill was determined to be further impaired by $$3,000\mathrm{.}90,000395,0001,250,000450,000$PPL$ $522,90075,0001,965,000$$ $220,000500,000$PPL uses the cost method to account for its investment in SSL$.$ Below are excerpts from the December $31,2025$separate entity financial statements of PPL and SSL:SSL$ $175,00025,0001,038,000$Net incomeDividends declared and paid on Nov $15,2025$Opening retained earnings$-$January $1,2025$What is the consolidated net income figure for the year ending December $31,20257$Dahlia Corporation is a wholly owned subsidiary of Garden Inc. In the current year, Dahlia sold $$150,000$ in inventory

to Garden Corporation. At year end, Garden still held some of the inventory, with unrealized inventory profit of

$$18,000.$ What eliminating entry must be in the creation of the consolidated statements?

Dr$.$ Sales

Cr$.$ Inventory

Cr$.$ Cost of sales

Dr$.$ Sales

Cr$.$ Cost of sales

Dr$.$ Inventory

Dr$.$ Sales

Cr$.$ Cost of sales

$150,000$

Cr$.$ Inventory Cr$.$ Cost of sales

Dr$.$ Sales Cr$.$ Cost of sales

$168,000$

$18,000132,000$

$18,000$

$150,000$

$168,000$

$18,000$

$168,000$

Dr$.$ Sales

Cr$.$ Inventory

$18,000$

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