The indlidual financial statements for Abbey Company and Bellstar Company for the year ending December 31, 2024, follow. Abbey acquisition date, the fair value of the noncontrolling interest was $540,000 and Bellstar's book value was $1,080,000. Bellistar had developed intemally a trademark that was not recorded on lis books but had an acquisition-date fair value of $270.000, This intangitie asset is being amortized over 20 years. Abbcy uses the partial equity method to account for its investment in Bellstar. current year. Bellstar regularly transfers inventory to Abbey in 2023, it shipped inventory costing $208,000 to Abbey at a price of $320,000. 0uring 2024 , intra-entity shipments totaled $370,000, aithough the original cost to Bellstar was only $222,000. In each of these years. 20 percent of the merchandise was not resold to outside parties until the period following the transter. Abtrev awes fielistar $45,000 at the end of 2024 . Note Parentheses indicate a credit balance. Required: a. Prepare a worksheet to consolldate the separate 2024 financial statements for Abbey and Bellstas. b. How woufd the consolidation entries in requirement (a) have diflered if Abbey had sold a bulling on January 2.2023, with it $145,000 bonk value (cost of \$310,000) to Bellstar for \$270,000 instead of fand, as the probiem reports? Assume that the bubiling had a 10 year remaining life of the date of transfec