Just need help with required A, Required B is correct

The Individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2021, follow. Gibson acquired a 60 percent Interest in Keller on January 1, 2020, In exchange for various considerations totaling $1,050,000. At the acquisition date, the fair value of the noncontrolling Interest was $700,000 and Keller's book value was $1,400,000. Keller had developed Internally a customer list that was not recorded on it poks but had an acquisition-date fair value of $350,000. This Intangible asset is being amortized over 20 years. Gibson uses ha partial equity method to account for its Investment in Keller. Gibson sold Keller land with a book value of $80,000 on January 2, 2020, for $180,000. Keller still holds this land at the end of the current year. Keller regularly transfers Inventory to Gibson. In 2020, It shipped Inventory costing $280,000 to Gibson at a price of $400,000. During 2021, Intra-entity shipments totaled $450,000, although the original cost to Keller was only $292,500. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $40,000 at the end of 2021 Gibson Company Keller Company $ (1,950, eee) $ (750, eee) 750, eee 550, eee 130, eee 80, eee (72, e8e) $ (242,00) $ (120,000) $ (1,366, eee) $ (745, eee) (242,000) (120,eee) 150,000 50,00 $ (1,458, eee) $ (815,000) $ Sales Cost of goods sold Operating expenses Equity in earnings of Keller Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings, 12/31/21 Cash Accounts receivable Inventory Investment in Keller Land Buildings and equipment (net) Total assets Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/21 Total liabilities and equities 80, eee 660,000 570, eee $ 194,000 406,000 640, wee 1,119,000 220, eee 521, mee $ 3,1ee, eee $ (802,00) (840,000) 640, eee 550, eee $ 2,500, eee $ (985, eee) (610, eee) (90,000) (815, 000) $ (2,500,eee) (1,458, eee) $ (3,100,000) (Note: Parentheses Indicate a credit balance.) a. Prepare a worksheet to consolidate the separate 2021 financial statements for Gibson and Keller. b. How would the consolidation entries In requirement (a) have differed if Gibson had sold a building on January 2, 2020, with a $185,000 book value (cost of $390,000) to Keller for $350,000 Instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer. Answer is not complete. (2000) Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a worksheet to consolidate the separate 2021 financial statements for Gibson and Keller. (Do not round intermediate calculations. For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.) Show less GIBSON AND KELLER Consolidation Worksheet For the Year Ending December 31, 2021 Consolidation Entries Accounts Gibson Keller Consolidated Debit Credit Noncontrolling Interest Totals S Sales S (750.000) S 450,000 s (1.350.000) Cost of goods sold 750.000 550.000 31,500 474,000 857.500 Operating expenses 130.000 80,000 17.500 227,500 Equity in earnings of Keller (72.000) 72,000 (38.000) X Separate company net income $ (242.000) $ (120,000) Consolidated net income To noncontrolling interest To Gibson Company IS Retained earnings, 1/1/21-Gibson 124,900 (1.300.000) Retained earnings, 1/1/21Keller (745.000) 745,000 Net income (242,000) (120.000) (227.000) Dividends declared 150.000 50.000 30.000 20,000 150,000 IS Retained earnings, 12/31/21 (1.458,000) $ (815.000) S (1.318.100) Cash IS 194,000 IS 80,000 IS 274.000 Accounts receivable 408.000 650.000 40.000 1,028,000 Inventory 640,000 570,000 31,500 1,178,500 Investment in Keller 1.119.000 30.000 1,149,000 Land 220,000 640.000 100,000 780,000 Buildings and equipment (net) 521.000 550.000 1,071.000 Customer list 332,500 17.500 315.000 Total assets $ 3.100.000 $ 2,500,000 IS 4,624,500 Liabilities $ (802,000) (985,000) 40,000 S (1.747.000) Common stock (840,000) (810,000) 610.000 (840,000) Additional paid-in capital (90.000) 90,000 Retained earnings, 12/31/21 (1.458,000) (815.000) (1.318.100) Noncontrolling interest 1/1/21 701.400 (701,400) X Noncontrolling interest 12/31/21 IS (719.400) X (719.400) IS IS Total liabilities and equity 2.500.000 $ 2.543,400 (3.100.000) $ 2,543,400