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		$	92,000			$	50,000
Inventory			159,000				352,000
Buildings & Equipment (net)			448,000				85,000
Investment in Saloon Builders			212,000
Total Assets		$	911,000			$	487,000
Current Liabilities		$	90,000			$	98,000
Long-Term Debt			382,000				193,000
Common Stock			199,000				137,000
Retained Earnings			240,000				59,000
Total Liabilities & Stockholders Equity		$	911,000			$	487,000

At the date of the business combination, Saloons cash and receivables had a fair value of $48,000, inventory had a fair value of $359,000, and buildings and equipment had a fair value of $96,000. Required: a. Prepare all consolidating entries needed to prepare a consolidated balance sheet on January 1, 20X5. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Consolidation Worksheet Entries A B Record the basic consolidation entry. Note: Enter debits before credits. Event Accounts Debit Credit 1 Record entry Clear entry view consolidation entries Record the excess value (differential) reclassification entry. Note: Enter debits before credits. Event Accounts Debit Credit 2 Record entry Clear entry view consolidation entries