Use the following information for Questions 15 & 16:
P Company regularly sells merchandise to its 80%-owned subsidiary, S Corporation.In 2013, P sold merchandise that cost $240,000 to S for $300,000.Half of this merchandise remained in S's December 31, 2013 inventory.During 2014, P sold merchandise that cost $375,000 to S for $468,000.Forty percent of this merchandise inventory remained in S's December 31, 2014 inventory.Selected income statement information for the two affiliates for the year 2014 is as follows: 
-Consolidated sales revenue for P and Subsidiary for 2014 are:
Definitions:
Conscientious Person
A conscientious person is someone who shows diligence and a strong sense of duty or responsibility towards their obligations and tasks.
Focuses on What Can
A proactive approach that emphasizes potential opportunities and solutions rather than limitations or problems.
Accomplished
Having completed or achieved something successfully, often with skill or excellence.
Commitments
Obligations or pledges to carry out specific actions or uphold particular standards or values.
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