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 $ 84,000 $ 35,000 Inventory 162,000 363,000 Buildings & Equipment (net) 446,000 80,000 Investment in Saloon Builders 209,000 Total Assets $ 901,000 $ 478,000 Current Liabilities $ 92,000 $ 92,000 Long-Term Debt 398,000 195,000 Common Stock 183,000 130,000 Retained Earnings 228,000 61,000 Total Liabilities & Stockholders Equity $ 901,000 $ 478,000 At the date of the business combination, Saloons cash and receivables had a fair value of $33,000, inventory had a fair value of $370,000, and buildings and equipment had a fair value of $93,000. 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.)

No	Event	Accounts	Debit	Credit
A	1	Common stock	33,000
		Retained earnings
		Investment in Saloon Builders
B	2	Inventory
		Buildings & equipment (net)
		Cash and receivables
		Investment in Saloon Builders

PINT ENTERPRISES AND SUBSIDIARY
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	$0	$0

PINT ENTERPRISES AND SUBSIDIARY
Consolidated Balance Sheet
January 1, 20X5
Assets		Liabilities & Stockholders' Equity
Cash and receivables		Current liabilities
Inventory		Long-term debt
Buildings & equipment (net)		Common stock
		Retained earnings
				0
Total Assets	$0	Total Liabilities & Stockholders' Equity		$0