During the Current Year, a Parent Sold Inventory Priced at $800,000

During the current year, a parent sold inventory priced at $800,000 to its subsidiary, and the parent's profits on these sales amounted to $60,000. All inventory sold by the parent to the subsidiary was sold by the subsidiary to outside customers during the year. Here is what the parent and subsidiary report for total sales, cost of goods sold, and ending inventory at year-end (for total sales between the parent and subsidiary and to outside customers):
$\begin{array}{|l|c|r|} \hline& \begin{array}{c}\text { Parent's } \\\text { Books }\end{array} & \begin{array}{c}\text { Subsidiary's } \\\text { Books }\end{array} \\\hline \text { Inventory } & \$ 300,000 & \$ 150,000 \\\hline \text { Sales revenue } & 5,000,000 & 3,500,000 \\\hline \text { Cost of goods sold } & 4,000,000 & 2,700,000\\\hline\end{array}$

At what amounts should the year's consolidated financial statements report these three balances?

$\begin{array} { l l l } & \text { Inventory } & \text { Sales Revenue } & \text { Cost of Goods Sold } \end{array}$
A) $\begin{array}{lll}\$ 450,000 && \$ 8,500,000 &&& \$ 6,700,000 \end{array}$
B) $\begin{array}{lll}\$ 450,000 && \$ 7,700,000 &&& \$ 5,900,000\end{array}$
C) $\begin{array}{lll}\$ 390,000 && \$ 7,700,000 &&& \$ 5,900,000 \end{array}$
D) $\begin{array}{lll}\$ 150,000 && \$ 3,500,000 &&& \$ 1,900,000\end{array}$