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 $330,000. At the acquisition date, the fair value of the noncontrolling interest was $220,000 and Keller's book value was $430,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $120,000. This intangible asset is being amortized over 20 years. Gibson sold Keller land with a book value of $55,000 on January 2, 2017, for $110,000. Keller still holds this land at the end of the current year Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $110,500 to Gibson at a price of $170,000. During 2018, intra-entity shipments totaled $220,000, although the original cost to Keller was only $132,000. 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 $40,000 at the end of 2018. Gibson Company Keller Company Sales Cost of goods sold Operating expenses Equity in earnings of Keller $(820,000) $ (520,000) 320,000 35,000 520,000 120,000 Net income $279,000) $ (165,000) ined eamings, 1/1/18 Net income (above) $(1,136,000) (279,000) 125,000 (630,000) (165,000) 35,000 Dividends declared Retained eanings, 12/31/18 Cash Accounts receivable $ (1,290,000) $(760,000) $171,000 $80,000 430,000 340,000 Investment in Keller Land Buildings and equipment (net) 360,000 410,000 792,000 130,000 498,000 410,000 320,000 Total assets $ 2,361,000 $ 1,580,000 $(461,000) $ (380,000) (340,000) (100,000) (1.290,000 (760,000) $(2,361,000) $ (1,580,000) Liabilities (610,000) Common stock Additional paid-in capital Retained eanings, 12/31/18 Total liabilities and equities (Note: Parentheses indicate a credit balance.) a. Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller b. How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $70,000 book value (cost of $160,000) to Keller for $120,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer