Over the next two years William continued selling inventory to Roberts. Assume

Over the next two years William continued selling inventory to Roberts. Assume that any items in intercompany inventory at the end of a given
year were sold to outside parties in the following year. Below are the details of the intercompany inventory sales:

Year

Intercompany sales

Intercompany ending inventory at transfer price

Gross profit rate on intercompany inventory transfers

2009

$125000

$80000

25%

2010

$220000

$125000

28%

2011

$300000

$160000

25%

What would be the journal entries and elimination entries?