?

During year 1, Pard Corp. sold goods to its 80%-owned
subsidiary, Seed Corp. At December 31, year 1, one-half of these
goods were included in Seed’s ending inventory. Reported year 1
selling expenses were $1,100,000 and $400,000 for Pard and
Seed, respectively. Pard’s selling expenses included $50,000 in
freight-out costs for goods sold to Seed. What amount of selling
expenses should be reported in Pard’s year 1 consolidated income
statement?