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 $360,000. At the acquisition date, the fair value of the noncontrolling interest was $240,000 and Kellers book value was $470,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $130,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $60,000 on January 2, 2017, for $120,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $108,000 to Gibson at a price of $180,000. During 2018, intra-entity shipments totaled $230,000, although the original cost to Keller was only $161,000. 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 $50,000 at the end of 2018.

	Gibson Company				Keller Company
Sales	$	(830,000	)		$	(530,000	)
Cost of goods sold		530,000				330,000
Operating expenses		130,000				40,000
Equity in earnings of Keller		(96,000	)			0
Net income	$	(266,000	)		$	(160,000	)
Retained earnings, 1/1/18	$	(1,146,000	)		$	(635,000	)
Net income (above)		(266,000	)			(160,000	)
Dividends declared		130,000				40,000
Retained earnings, 12/31/18	$	(1,282,000	)		$	(755,000	)
Cash	$	172,000			$	90,000
Accounts receivable		362,000				440,000
Inventory		420,000				350,000
Investment in Keller		783,000				0
Land		140,000				420,000
Buildings and equipment (net)		499,000				330,000
Total assets	$	2,376,000			$	1,630,000
Liabilities	$	(474,000	)		$	(455,000	)
Common stock		(620,000	)			(350,000	)
Additional paid-in capital		0				(70,000	)
Retained earnings, 12/31/18		(1,282,000	)			(755,000	)
Total liabilities and equities	$	(2,376,000	)		$	(1,630,000	)

(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 $75,000 book value (cost of $170,000) to Keller for $130,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.