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The following intercompany transactions of Jeddah Port Company occurred during the year 2021: As a...

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Accounting

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The following intercompany transactions of Jeddah Port Company occurred during the year 2021: As a Parent loaned $ 75,000 to Sub. To keep things simple, assume that there is no interest revenue or interest expense associated with this loan. Parent made a sale to Sub for $ 78,000 cash. The inventory had originally cost Parent $73,320. Sub then sold that same inventory to an outsider for $ 84,000. Parent made a sale to Sub for $ 90,000 cash. The inventory had originally cost Parent $ 67,680. Sub has not yet sold that same inventory to an outsider. Use equity method entry also Required Based on our "conceptual discussion, what consolidation worksheet entries would you make

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