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 $450,000. At the acquisition date, the fair value of the noncontrolling interest was $300,000 and Bellstar's book value was $590,000. Bellstar had developed internally a trademark that was not recorded on its books but had an acquisition-date fair value of $160,000. 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 $75,000 on January 2,2023 , for $150,000. Bellstar still holds this land at the end of the current year. Bellstar regularly transfers inventory to Abbey. In 2023 , it shipped inventory costing $126,000 to Abbey at a price of $210,000. During 2024 , intra-entity shipments totaled $260,000, although the original cost to Bellstar was only $182,000. 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 $35,000 at the end of 2024. Note: Parentheses indicate a credit balance. 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 $90,000 book value (cost of $200,000 ) to Bellstar for $160,000 instead of land, as the problem reports? Assume that the building had a 10 -year remaining life at the date of transfer. Required B How would the consolidation entries in requirement (a) have differed if Abbey had sold a building on January 2, 2023, with a $90,000 book value (cost of $200,000 ) to Bellstar for $160,000 instead of land, as the problem reports? Assume that the building had a 10 -year remaining life at the date of transfer. Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Show less Consolidation Worksheet Entries Prepare Entry *TA to defer the intra-entity gain as of the beginning of the year. Note: Enter debits before credits