Where multiple consolidation entries are required, combine all debit entries into one amount and coter this amount in the debit celumn of the worksheet. Similarly, combine all credit entrics into one amount and enter this amount in the credit column of the worksheet. Input all ampunts as positive values.) 0. Prepare a worksheet to consolidate the separate 2021 financlal statements for Gubson and Keller. b. How would the consolidation entries in requirement (a) have differed if Gibson had sold a bullding on January 2, 2020, with a $120,000 book value lcost of $260,000 ) to Keller for $220,000 instead of land, as the problem reports? Assume that the buliding had a 10-yeor remaining life at the date of transfet. Q Answer is not complete. Complete this question by entering your answers in the tabs below. How would the consolidation entries in requirement (a) have differed if Gbson had sold a building on January 2, 2020, with a $120,000 book valun (cost of $260,000 ) to Keller for $220,000 instead of land, as the problem reports? Assume that the building had a 10 -year remaining life at the date of transfer. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No joumal entry required" in the first acoount fieid.) The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2021, follow. Gibson acquired a 60 percent interest in Keller on January 1,2020 , in exchange for vanous considerations totaling $660000At the acquisition date, the fair value of the noncontroling interest was $440,000 and Keller's book value was $880,000 Keller had developed internally a customer ilst that was not recorded on its books but had an acquisition-date fair value of $220,000. This. intangble asset is being amortized over 20 years Gibson uses the partlal equity method to account for its investment in Keller. Gibson sold Kellet land with a book value of $60,000 on January 2,2020 , for $130,000 Keller still hoids this land at the end of the current year. Keller regularly transfers inventory to Gibson. in 2020 , it shipped inventory costing $162,000 to Gibson at a price of $270.000. During 2021 , intra-entity shipments totaled $320,000, atthough the original cost to Keiler 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. Gioson owes Keller $65,000 at the end or 2021 (Note: Parentheses indicate a crecit balance) 0. Prepare a worksheet to consolidate the separate 2021 financial statements for Gioson and Kellet. b. How would the consolidation entries in requirement (a) have differed if Gioson had sold a bulling on Jantury 2,2020 , with a $120000 book value (cost of $260,000 ) to Keller for $220,000 instead of land, as the problem reports? Assume that the bulling had a 10 -year remaining life at the date of transfer