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 $420,000. At the acquisition date, the fair value of the noncontrolling interest was $280,000 and Kellers book value was $550,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $150,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $70,000 on January 2, 2017, for $140,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $130,000 to Gibson at a price of $200,000. During 2018, intra-entity shipments totaled $250,000, although the original cost to Keller was only $150,000. 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 2018.

	Gibson Company				Keller Company
Sales	$	(850,000	)		$	(550,000	)
Cost of goods sold		550,000				350,000
Operating expenses		150,000				50,000
Equity in earnings of Keller		(90,000	)			0
Net income	$	(240,000	)		$	(150,000	)
Retained earnings, 1/1/18	$	(1,166,000	)		$	(645,000	)
Net income (above)		(240,000	)			(150,000	)
Dividends declared		140,000				50,000
Retained earnings, 12/31/18	$	(1,266,000	)		$	(745,000	)
Cash	$	174,000			$	60,000
Accounts receivable		366,000				460,000
Inventory		440,000				370,000
Investment in Keller		813,000				0
Land		160,000				440,000
Buildings and equipment (net)		501,000				350,000
Total assets	$	2,454,000			$	1,680,000
Liabilities	$	(548,000	)		$	(475,000	)
Common stock		(640,000	)			(370,000	)
Additional paid-in capital		0				(90,000	)
Retained earnings, 12/31/18		(1,266,000	)			(745,000	)
Total liabilities and equities	$	(2,454,000	)		$	(1,680,000	)

(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 $85,000 book value (cost of $190,000) to Keller for $150,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.