Paco Company acquired 100 percent of the stock of Salad Corporation on January 1, 20X4. At the time of the combination, Salad reported common stock outstanding of $200,000 and retained earnings of $300,000. Paco paid $540,000 for the acquisition. Book value approximated fair value for all of Salad's assets and liabilities except for buildings which had a fair value $30,000 more than its book value and a remaining useful life of 10 years. Any remaining differential was related to goodwill. Salad reported net income of $20,000 and paid dividends of $12,000 for 204. Required: Present the following consolidating entries needed to prepare a consolidated financial statement at December 31, 204. 1. The basic consolidation entry; 2. The excess value reclassification entry; 3. The amortized excess value reclassification entry