Hodge Co. owns 90 percent of the voting common shares of Bison Co. During 2022, Hodge had sales of $1.12 million and cost of goods sold of $840K. Additionally, In 2022, Bison record sales of $420K and...

Extracted text: Hodge Co. owns 90 percent of the voting common shares of Bison Co. During 2022, Hodge had sales of $1.12 million and cost of goods sold of $840K. Additionally, In 2022, Bison record sales of $420K and cost of goods sold of $252K. In the amounts report for Bison's sales were intra-entity gross profits related to Bison's intra-entity transfer of merchandise to Hodge for $140K. (Note: there were no intra-entity transfers from Hodge to Bison.) Intra-entity transfers had the same markup as sales to outsiders. At the end of 2022, Hodge stDl had 40 percent of the Intra-entity gross profit remaining in ending inventory. What are consolidated sales and cost of goods sold for 2022? 21 Multiple Choice $1.54M sales and $1078M COGS $1.4M sales and $9s2K COGS. $1AM sales and S966K coGs. $1.4M sales and $974.4K COGS $154M sales and $1.092M COGS