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 $1,050,000. At the acquisition date, the fair value of the noncontrolling interest was $700,000 and Keller's book value was $1,400,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $350,000. This intangible asset is being amortized over 20 years. Gibson sold Keller land with a book value of $80,000 on January 2, 2017, for $180,000. Keller still holds this land at the end of the current year. Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $280,000 to Gibson at a price of $400,000. During 2018, intra-entity shipments totaled $450,000, although the original cost to Keller was only $292,500. 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 $(1,050,000) 750,000 130,000 (72,000) $ (242,000) $(1,366,000) (242,000) 150,000 $(1,458,000) 194,000 406,000 640,000 1,119,000 220,000 521,000 $ 3,100,000 $ (802,000) (840,000) Sales Cost of goods sold Operating expenses Equity in earnings of Keller Net income Retained earnings, 1/1/18 Net income (above) Dividends declared Retained earnings, 12/31/18 Cash Accounts receivable Inventory Investment in Keller Land Buildings and equipment (net) Total assets Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/18 Total liabilities and equities Keller Company $ (750,000) 550,000 80,000 0 $ (120,000) $ (745,000) (120,000) 50,000 $ (815, 000) 80,000 660,000 570,000 0 640,000 550,000 $ 2,500,000 $ (985,000) (610,000) (90,000) (815,000) $(2,500,000) $ (1,458,000) $ (3,100,000) (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 $185,000 book value (cost of $390,000) to Keller for $350,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer