Price Corporation acquired $100$ percent ownership of Saver Company on January $1,20$X$8,$ for $$128,000.$ At the date, the fair value of Saver$$s buildings and equipment was $$20,000$ more than the book value. Buildings and equipment are depreciated on a $10-$year basis. Although goodwill is not amortized, Price$$s management concluded at December $31,20$X$8,$ that goodwill involved in its acquisition of Saver shares had been impaired and the correct carrying value was $$2,500.$ No additional impairment occurred in $20$X$9.$

Trial balance data for Price and Saver on December $31,20$X$9,$ are as follows:

Price Corporation Saver Company

Item Debit Credit Debit Credit

Cash $45,50032,000$

Accounts Receivable $85,00014,000$

Inventory $97,00024,000$

Land $50,00025,000$

Buildings and Equipment $350,000150,000$

Investment in Saver Company $142,500$

Cost of Goods Sold $145,000114,000$

Wage Expense $35,00020,000$

Depreciation Expense $25,00010,000$

Interest Expense $12,0004,000$

Other Expense $23,00016,000$

Dividends Declared $30,00020,000$

Accumulated Depreciation $170,00050,000$

Accounts Payable $51,00015,000$

Wages Payable $14,0006,000$

Notes Payable $150,00050,000$

Common Stock $200,00060,000$

Retained Earnings $131,00048,000$

Sales $290,000200,000$

Income from Saver Company $34,000$

$1,040,0001,040,000429,000429,000$

Required

a$.$ Give all consolidation entries needed to prepare a three$-$part consolidation worksheet as of December $31,20$X$9.$

b$.$ Prepare a three$-$part consolidation worksheet for $20$X$9$ in good form.