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The individual financial stalements for Abbey Company and Belistar Company for the year ending December 31, 2024, follow Abbey pcquired a 60 percent interest in Bellstar on January 1, 2023, in exchange for various considerations totaling $810000 At the ficqutsition date, the fair value of the noncontrolling interest was $540,000 and Bellstar's book value was $4,080,000. Belistar had dieveloped internally a trademark that was not recorded on its books but had an acquisition date fali value of $270,000. This intangible isset is being amortized over 20 years. Abbey uses the partial equity method to account for its investment in Bellitar Abbey sold Bellstar fand with a book value of $85,000 on January 2,2023 , for $180,000. Bellstar still holds this tand at the erid of the current year. Bellstar regularly transfers inventory to Abbey, In 2023, it shipped inventory costing $208,000 to Abbey at a price of $320,000. During 2024. intro-entity shipments totaled $370,000, although 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 unti the perfod following the transfer. Abbey owes Bollstar $45,000 at the end of 2024 . credit balance. Required: a. Prepare a worksheet to consolldate the separate 2024 financial statemerits for Abbey and Bedlstar. b. How would the consoldaton entries in requirement (a) have differed if Abboy had sold a thalding on Jatuary 2.2023, with a $145.000 book value (cost of $310,000 ) to Bellstar for $270.000 instead of land, os the problem reports? Assume that the bullding had a 10 -year remaining life at the date of transfer. a. Hrepare a worksneet to consongate the separate U

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