Miller, Inc. owns 90 percent of Green, Inc. and bought $200,000 of Green's inventory in 2021. 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 Miller, Inc. owns 90 percent of Green, Inc. and bought $200,000 of Green's inventory in 2021. The transfer profit was equal to 30 percent of the sales price. When preparing consolidated financial statements, what amount of these sales is eliminated?