Barker Co. acquired 75% percent of the voting common stock of Smith Corp. on January 1, 2013. During the year, Barker made sales of inventory to Smith. The inventory cost Barker $260,000 and was sold to Smith for $390,000. Smith still had $60,000 of the goods in its inventory at the end of the year. Compute amount of profit that should be eliminated in the consolidation process at the end of 2013