there are 2 parts.. a and b.. any previous answers on chegg did not match

OD 97% 4:26 PM The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2015, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2014, in exchange for various considerations totaling $660,000. At the acquisition date, the fair value of the noncontrolling interest was $440,000 and Keller's book value was $880,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $220,000. This intangible asset is being amortized over 20 years Gibson sold Keller land with a book value of $60,000 on January 2 2014, for $130,000. Keller st holds this land at the end of the current year. Keller regularly transfers inventory to Gibson. In 2014, it shipped inventory costing $162,000 to Gibson at a price of $270,000. During 2015, intra-entity shipments totaled $320,000, although the original cost to Keller was only $224,000. 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 $65,000 at the end of 2015 Gibson Company Company (920,000) (620,000) Sales Cost of goods sold 620,000 420,000 Operating expenses 110,000 85,000 Equity in earnings of Keller Company (69,000) s (259,000) (115,000) Net income (1,236,000) (680,000) Retained earnings, 1/1/15 Net income (above) (259,000) (115,000) Dividends declared 130,000 0.000 (1,365,000) (765,000) Retained earnings, 12/31/15 181,000 Cash 0.000 Accounts receivable 380,000 530,000 Inventory 510,000 440,000 Investment in Keller Company 903,000 Land 230,000 510,000 Buildings and equipment (net) 508,000 420,000 Total assets 2,712,000 1,980,000 (637,000) (695,000) Liabilities (710,000) (440,000) Common stock Additional paid-in capital 0.000 Retained earnings, 12/31/15 (1,365,000) (765,000) $(2,712,000) $(1,980,000) Total liabilities and equities (Note: Parentheses indicate a credit balance.)