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 $510,000. At the acquisition date, the fair value of the noncontrolling interest was $340,000 and Bellstar's book value was $670,000. Bellstar had developed internally a trademark that was not recorded on its books but had an acquisition-date fair value of $180,000. 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 $85,000 on January 2, 2023, for $170,000. Bellstar still holds this land at the end of the current year. Bellstar regularly transfers inventory to Abbey. In 2023, it shipped inventory costing $149,500 to Abbey at a price of $230,000. During 2024, intra-entity shipments totaled $280,000, although the original cost to Bellstar was only $168,000. 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 $45,000 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 $ (880,000) 580,000 180,000 (81,000) $ (201,000) $ (1,196,000) (201,000) 110,000 $ (1,287,000) $ 177,000 372,000 470,000 834,000 190,000 504,000 $ 2,547,000 $ (590,000) (670,000) (1,287,000) Bellstar Company $ (580,000) 380,000 65,000 0 $ (135,000) $ (660,000) (135,000) 65,000 $ (730,000) $ 90,000 490,000 400,000 0 470,000 380,000 $ 1,830,000 $ (620,000) (400,000) (80,000) (730,000) 0 $ (2,547,000) $ (1,830,000) 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 $100,000 book value (cost of $220,000) to Bellstar for $180,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.