Price Corporation acquired $100$ percent ownership of Saver Company on January $1,20x8,$ for $$228,000.$ At that date, the fair value of Saver's buildings and equipment was $$60,000$ 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 $$12,500.$

Trial balance data for Price and Saver on December $31,20$X$8,$ are as follows:

$\backslash$table$[[$Item$,$Price Corporation,Saver Company$],[$Debit$,$Credit,Debit,Credit$],[$Cash$,$$$29,500,,$$$41,000,],[$Accounts Receivable,$90,000,,22,000,],[$Inventory$,110,000,,45,000,],[$Land$,50,000,,35,000,],[$Buildings and Equipment,$304,000,,178,000,],[$Investment in Saver Company,$208,500,,,],[$Cost of Goods Sold,$145,000,,130,000,],[$Wage Expense,$118,000,,37,000,],[$Depreciation Expense,$35,000,,20,000,],[$Interest Expense,$22,000,,14,000,],[$Other Expenses,$28,500,,55,000,],[$Dividends Declared,$50,000,,26,000,],[$Accumulated Depreciation,,$$155,000,,$$$140,000$

A Record the basic consolidation entry.

Record the amortized excess value reclassification entry.

Record the excess value $($differential$)$ reclassification

entry.

Record the optional accumulated depreciation

consolidation entry.Prepare a three$-$part consolidation worksheet for $208.$

Note: Values in the first two columns $($the "parent" and "subsidiary" balances$)$ that are to be deducted should be indicated with a

minus sign, while all values in the "Consolidation Entries" columns should be entered as positive values. For accounts where multiple

adjusting entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet.

Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet.