Pink Corporation Owns 80 Percent of Sink Company's Voting Shares

Pink Corporation owns 80 percent of Sink Company's voting shares.During 20X4,Pink produced 60,000 smart phones at a cost of $62 each and sold 45,000 smart phones to Sink for $93 each.Sink sold 26,000 of the smart phones to unaffiliated companies for $128 each prior to December 31,20X4,and sold the remainder in early 20X5 to unaffiliated companies for $133 each.Both companies use the perpetual inventory systems.
-Based on the information given above,what amount of cost of goods sold must be reported in the consolidated income statement for 20X4?

A) $1,612,000
B) $2,418,000
C) $2,790,000
D) $3,596,000