Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $143,000. At that date, the fair value of Savers buildings and equipment was $26,000 more than the book value. Buildings and equipment are depreciated on a 10-year basis. Although goodwill is not amortized, Prices management concluded at December 31, 20X8, that goodwill involved in its acquisition of Saver shares had been impaired and the correct carrying value was $4,000.

Trial balance data for Price and Saver on December 31, 20X8, are as follows:

Item	Price Corporation	Saver Company
Debit	Credit	Debit	Credit
Cash	$ 21,000		$ 24,000
Accounts Receivable	73,000		13,500
Inventory	93,000		28,000
Land	33,000		18,000
Buildings and Equipment	353,000		153,000
Investment in Saver Company	127,900
Cost of Goods Sold	128,000		113,000
Wage Expense	43,500		28,500
Depreciation Expense	26,500		11,500
Interest Expense	13,500		5,500
Other Expenses	19,500		12,500
Dividends Declared	33,000		17,500
Accumulated Depreciation		$ 146,500		$ 55,000
Accounts Payable		60,000		19,000
Wages Payable		20,000		10,500
Notes Payable		153,000		51,500
Common Stock		203,000		60,000
Retained Earnings		105,000		40,000
Sales		275,000		189,000
Income from Saver Company		2,400
	$ 964,900	$ 964,900	$ 425,000	$ 425,000

1. Prepare all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. a) Record the basic consolidation entry. b) Record the amortized excess value reclassification entry. c) Record the excess value (differential) reclassification entry. d) Record the optional accumulated depreciation consolidation entry.

2. Prepare a three-part consolidation worksheet for 20X8 in good form.