Emerald Corporation acquired 11,900 shares of the common stock and 500 shares of the 8 percent preferred stock of Pert Company on December 31, 20X4, at the book value of the underlying stock interests. At that date, the fair value of the noncontrolling interest in Pert's common stock was equal to 30 percent of the book value of its common stock interest. Pert reported the following balance sheet amounts on January 1, 20X5:

Cash	$	41,000		Accounts Payable	$	138,000
Accounts Receivable		72,000		Bonds Payable		88,000
Inventory		135,000		Preferred Stock		125,000
Buildings & Equipment		602,000		Common Stock		170,000
Less: Accumulated Depreciation		(142,000	)	Retained Earnings		187,000
Total Assets	$	708,000		Total Liabilities & Equities	$	708,000

Pert's preferred stock is $100 par value, and its common stock is $10 par value. The preferred dividends are cumulative and are two years in arrears on January 1, 20X5. Pert reports net income of $35,000 for 20X5 and pays no dividends.

a. Present the worksheet consolidation entry needed to prepare a consolidated balance sheet on January 1, 20X5. Record the basic consolidation entry.