The individual financial statements for Abbey Company and Bellstar Company for the year ending December 31, 2024, follow. Abbey acquired a 60 percent interest in Bellstar on January 1, 2023, in exchange for various considerations totaling $390,000. At the acquisition date, the fair value of the noncontrolling interest was $260,000 and Bellstar's book value was $510,000. Bellstar had developed internally a trademark that was not recorded on its books but had an acquisition-date fair value of $140,000. This intangible asset is being amortized over 20 years. Abbey uses the partial equity method to account for its investment in Bellstar. Abbey sold Bellstar land with a book value of $65,000 on January 2, 2023, for $130,000. Bellstar still holds this land at the end of the current year. Bellstar regularly transfers inventory to Abbey. In 2023, it shipped inventory costing $133,000 to Abbey at a price of $190,000. During 2024, intra-entity shipments totaled $240,000, although the original cost to Bellstar was only $156,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Abbey owes Bellstar $60,000 at the end of 2024. Items Sales Cost of goods sold Operating expenses Equity in earnings of Bellstar Net income Retained earnings, 1/1/24 Net income (above) Dividends declared Retained earnings, 12/31/24 Cash Accounts receivable Inventory Investment in Bellstar Land Buildings and equipment (net) Total assets Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/24 Total liabilities and equities Note: Parentheses indicate a credit balance. Abbey Company $ (840,000) 540,000 140,000 (93,000) $ (253,000) $ (1,156,000) (253,000) 135,000 $ (1,274,000) $ 173,000 364,000 430,000 798,000 150,000 500,000 $ 2,415,000 $ (511,000) (630,000) (1,274,000) Bellstar Company $ (540,000) 340,000 45,000 0 $ (155,000) $ (640,000) (155,000) 45,000 $ (750,000) $ 100,000 450,000 360,000 430,000 340,000 $ 1,680,000 $ (490,000) (360,000) (80,000) (750,000) 0 $ (2,415,000) $ (1,680,000) Required: a. Prepare a worksheet to consolidate the separate 2024 financial statements for Abbey and Bellstar. b. How would the consolidation entries in requirement (a) have differed if Abbey had sold a building on January 2, 2023, with a $80,000 book value (cost of $180,000) to Bellstar for $140,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.