Pint Enterprises acquired 100 percent of Saloon Builders stock on December 31, 20X4. Balance sheet data for Pint and Saloon on January 1, 20X5, are as follows:

	Pint Enterprises				Saloon Builders
Cash and Receivables		$	97,000			$	33,000
Inventory			159,000				355,000
Buildings & Equipment (net)			436,000				90,000
Investment in Saloon Builders			213,000
Total Assets		$	905,000			$	478,000
Current Liabilities		$	83,000			$	96,000
Long-Term Debt			393,000				185,000
Common Stock			195,000				121,000
Retained Earnings			234,000				76,000
Total Liabilities & Stockholders Equity		$	905,000			$	478,000

At the date of the business combination, Saloons cash and receivables had a fair value of $31,000, inventory had a fair value of $362,000, and buildings and equipment had a fair value of $101,000. Required: a. Prepare all consolidating entries needed to prepare a consolidated balance sheet on January 1, 20X5.

a.1 Record the basic consolidation entry.

a.2 Record the excess value (differential) reclassification entry.

b. Complete a consolidated balance sheet worksheet.

Consolidated Balance Sheet Worksheet January 1, 20X5 Consolidation Entries Pint Enterprises Saloon Builders DR CR Consolidated Assets Cash and receivables Inventory Buildings & equipment (net) Investment in Saloon Builders Total Assets $ 0 $ 0 0 $ 0 $ 0 Liabilities & Stockholders' Equity Current liabilities Long-term debt Common stock Retained earnings Total Liabilities & Equity $ 0 $ $ 0 $ 0 $ O $ 0