Review Problem A - Orville & Wilbur Part A The individual financial statements for Orville Company and Wilbur Company for the year ending December 31, 2018, follow. Orville acquired an 80 percent interest in Wilbur on January 1, 2017, in exchange for various considerations totaling $760,000. At the acquisition date, the fair value of the noncontrolling interest was $190,000 and Wilbur's book value was $820,000. Any excess over book value is attributed entirely to goodwill. Wilbur sold Orville land with a book value of $60,000 on January 2, 2017, for $110,000. Orville still holds this land at the end of the current year. Wilbur regularly transfers inventory to Orville. In 2017, it shipped inventory costing $100,000 to Orville at a price of $150,000. During 2018, intra-entity shipments totaled $200,000, although the original cost to Wilbur was only $140,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Orville uses the full equity method to account for its investment in Wilbur. Required - Save your file with your last name and Review Prob A.xlsx Prepare a list of your journal entries as they would appear in your General Journal (worksheet provided), and then post the entries to the consolidation worksheet. Label your entries in your General Journal and the consolidation worksheet as appropriate. Print your journal entries and your completed consolidation worksheet and submit it to me by Thursday, April 28 if possible.