The following data are select account balances from Bufitt Company and Simonstown Company as of December 31, 2011:

	Buffett	Simonstown
	$000's	$000's
Revenues	1,400	800
Cost of goods sold	500	200
Depreciation expense	300	400
Investment income	not given
Dividends paid	160	120
Retained earnings--January 1, 2011	1,200	400
Current assets	800	1,000
Buildings (net)	1,800	800
Equipment (net)	1,200	2,000
Investment in Simonstown	not given
Liabilities	1,000	2,760
Common stock ($20 par - Bufitt; $10 par - Simonstown	1,600	400
Additional paid-in capital	760	160

On January 1, 2011, Bufitt purchased all of the outstanding stock of Simonstown for $1,320,000 in cash and shares. At the date of acquisition, Simonstown's buildings, with a six-year remaining life, had a book value of $88,000 and a fair market value of $1,120,000.

Required:

Prepare the consolidated worksheets at December 31, 2011, assuming that Bufitt accounts for its investment in Simonstown using:

(a) the equity method.

(b) the cost method, and

(c) the partial equity method.