Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $223,000. At that date, the fair value of Saver's buildings and equipment was $58,000 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, 20X8, that goodwill involved in its acquisition of Saver shares had been impaired and the correct carrying value was $12,000. Trial balance data for Price and Saver on December 31, 20X8, are as follows: Price Corporation Saver Company Item Debit Credit Debit Credit Cash $ 29,000 $ 40,000 Accounts Receivable 89,000 21,500 Inventory 109,000 44,000 Land 49,000 34,000 Buildings & Equipment 303,000 177,500 Investment in Saver Company 206, 700 Cost of Goods Sold 144,000 129,000 Wage Expense 117,500 36,500 Depreciation Expense 34,500 19,500 Interest Expense 21,500 13,500 Other Expenses 31,500 Dividends Declared 49,000 25,500 Accumulated Depreciation $ 154,500 $135,000 Accounts Payable 120,000 19,000 Wages Payable 36,000 18,500 Notes Payable 169,000 2,000 Common Stock 219,000 60,000 Retained Earnings 121,000 40,000 Sales 355,000 319,000 Income from Saver Company 9,200 $1,183,700 $1,183,700 $593,500 $593,500 52,500 Required: a. Prepare the following consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries Record the basic consolidation entry