The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2018, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2017, in exchange for various considerations totaling $1,020,000. At the acquisition date, the fair value of the noncontrolling interest was $680,000 and Kellers book value was $1,360,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $340,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $75,000 on January 2, 2017, for $170,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $234,000 to Gibson at a price of $390,000. During 2018, intra-entity shipments totaled $440,000, although the original cost to Keller was only $308,000. 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 $35,000 at the end of 2018.

	Gibson Company				Keller Company
Sales	$	(1,040,000	)		$	(740,000	)
Cost of goods sold		740,000				540,000
Operating expenses		120,000				75,000
Equity in earnings of Keller		(75,000	)			0
Net income	$	(255,000	)		$	(125,000	)
Retained earnings, 1/1/18	$	(1,356,000	)		$	(740,000	)
Net income (above)		(255,000	)			(125,000	)
Dividends declared		145,000				45,000
Retained earnings, 12/31/18	$	(1,466,000	)		$	(820,000	)
Cash	$	193,000			$	100,000
Accounts receivable		404,000				650,000
Inventory		630,000				560,000
Investment in Keller		1,116,000				0
Land		210,000				630,000
Buildings and equipment (net)		520,000				540,000
Total assets	$	3,073,000			$	2,480,000
Liabilities	$	(777,000	)		$	(960,000	)
Common stock		(830,000	)			(600,000	)
Additional paid-in capital		0				(100,000	)
Retained earnings, 12/31/18		(1,466,000	)			(820,000	)
Total liabilities and equities	$	(3,073,000	)		$	(2,480,000	)

(Note: Parentheses indicate a credit balance.)

Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller.

How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $180,000 book value (cost of $380,000) to Keller for $340,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.