The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2021, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2020, in exchange for various considerations totaling $960,000. At the acquisition date, the fair value of the noncontrolling interest was $640,000 and Keller's book value was $1,280,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $320,000. This intangible asset is being amortized over 20 years. Gibson uses the partial equity method to account for its investment in Keller. Gibson sold Keller land with a book value of $65,000 on January 2, 2020, for $150,000. Keller still holds this land at the end of the current year. Keller regularly transfers inventory to Gibson. In 2020, it shipped inventory costing $259,000 to Gibson at a price of $370,000. During 2021, intra-entity shipments totaled $420,000, although the original cost to Keller was only $273,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $70,000 at the end of 2021. tata Sales Cost of goods sold Operating expenses Equity in earnings of Keller Net income Retained earnings, 1/1/21 Net income (above) Dividends declared Retained earnings, 12/31/21 Cash Accounts receivable Inventory Investment in Keller Land Buildings and equipment (net) Total assets Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/21 Total liabilities and equities Gibson Company Keller Company $(1,020,000) $ (720,000) 720,000 520,000 100,000 65,000 (81,000) 0 $ (281,000) (135,000) $ (1,336,000) $ (730,000) (281,000) ( (135,000) 135,000 80,000 $ (1,482,000) $ (785,000) $ 191,000 $ 80,000 400,000 630,000 610,000 540,000 1,047,000 199,000 610,000 518,900 520,000 $ 2,956,000 $ 2,380,000 $ (664,000) (955, 000) (810,000) (540,000) (100,000) (1,482,000) (785,000) $ (2,956,000) $ (2,380,000) a. Prepare a worksheet to consolidate the separate 2021 financial statements for Gibson and Keller. b. How would the consolidation entries in requirement (a) have differed if Gibson had sold a building on January 2, 2020, with a $170,000 book value (cost of $360,000) to Keller for $320,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer