Paco Company acquired 100 percent of the stock of Salad Corporation on December 31, 20X4. The stockholders' equity section of Salad's balance sheet at that date is as follows:

Common Stock	$ 300,000
Additional Paid-In Capital	500,000
Retained Earnings	400,000
Total	$ 1,200,000

Paco financed the acquisition by using $880,000 cash and giving a note payable for $400,000. Book value approximated fair value for all of Salad's assets and liabilities except for buildings which had a fair value $60,000 more than its book value and a remaining useful life of 10 years. Any remaining differential was related to goodwill. Paco has an account payable to Salad in the amount of $30,000.

Required:

Present all consolidating entries needed to prepare a consolidated balance sheet immediately following the acquisition.

What additional consolidating entry must be prepared at December 31, 20X5?