Akron, inc., owns all outstanding stock of toledo corporation. amortization expense of $15,000 per year for patented technology resulted from the original acquisition. for 2018, the companies had the following account balances: akron toledo sales . . . . . . . . . . . . . . . . . . . . . . . $1,100,000 $600,000 cost of goods sold . . . . . . . . . . . . . . . . . 500,000 400,000 operating expenses . . . . . . . . . . . . . . . . . 400,000 220,000 investment income . . . . . . . . . . . . . . . . . not given –0– dividends declared . . . . . . . . . . . . . . . . . 80,000 30,000 intra-entity sales of $320,000 occurred during 2017 and again in 2018. this merchandise cost $240,000 each year. of the total transfers, $70,000 was still held on december 31, 2017, with $50,000 unsold on december 31, 2018. a. for consolidation purposes, does the direction of the transfers (upstream or downstream) affect the balances to be reported here? b. prepare a consolidated income statement for the year ending december 31, 2018