Mill Corporation acquired 100 percent ownership of Roller Company on January 1, 20X8, for $125,000. At that date, the fair value of Rollers buildings and equipment was $19,000 more than the book value. Buildings and equipment are depreciated on a 5-year basis. Although goodwill is not amortized, Mills management concluded at December 31, 20X8, that goodwill involved in its acquisition of Roller shares had been impaired and the correct carrying value was $2,600.

Trial balance data for Mill and Roller on December 31, 20X8, are as follows:

		Mill Corporation								Roller Company
Item	Debit				Credit				Debit					Credit
Cash		$	28,500							$	30,000
Accounts Receivable			78,000								21,000
Inventory			98,000								34,000
Land			48,000								24,000
Buildings & Equipment			357,000								151,000
Investment in Roller Co. Stock			125,500
Cost of Goods Sold			132,000								117,000
Wage Expense			34,000								18,000
Depreciation Expense			21,000								6,000
Interest Expense			8,000								5,000
Other Expenses			9,500								6,000
Dividends Declared			34,000								21,300
Accumulated Depreciation						$	132,000							$	21,000
Accounts Payable							34,000								10,000
Wages Payable							11,000								8,000
Notes Payable							131,000								113,300
Common Stock							195,000								59,000
Retained Earnings							186,700								39,000
Sales							262,000								183,000
Income from Subsidiary							21,800
		$	973,500			$	973,500			$	433,300			$	433,300

Required:

a.	Prepare the following consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)