Fraker, Inc.owns 90 percent of Richards, Inc.and bought $200,000 of Richards' inventory in 2018.The transfer profit was equal to 30 percent of the sales price.When preparing consolidated financial statements, what amount of these sales is eliminated?

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The Answer of Fraker, Inc.owns 90 percent of Richards, Inc.and bought $200,000 of Richards' inventory in 2018.The transfer profit was equal to 30 percent of the sales price.When preparing consolidated financial statements, what amount of these sales is eliminated?