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Perth Corporation owns 90 percent of Dundee Company's stock. At the end of 20X8, Perth...

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Accounting

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Perth Corporation owns 90 percent of Dundee Company's stock. At the end of 20X8, Perth and Dundee reported the following partial operating results and inventory balances: Total sales Sales to Dundee Company Sales to Perth Company Net Income Operating Income (excluding investment income from Dunde) Inventory on Hand December 31, 20x8, purchased from: Dundee Company Perth Corporation Perth Corp. Dundee Co. 500.000 330.000 115.000 140.000 15.000 56.000 36.000 31.000 Perth regularly prices its products at cost plus a 30 percent markup for profit. Dundee prices its sales at cost plus a 10 percent markup. The total sales reported by Perth and Dundee include both intercompany sales and sales to nonaffiliates. Based on the information given above, what amount of sales will be reported in the consolidated income statement for 20X8

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