Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $112,000. At that date, the fair value of Saver's buildings and equipment was $18,000 more than the book value. Accumulated depreciation on this date was $17,000. 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 $2,300. No additional impairment occurred in 20X9. Trial balance data for Price and Saver on December 31, 20X9, are as follows:

Required: a. Prepare all consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b. Prepare a three-part consolidation worksheet for 20X9. (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.)

Saver Company Debit Credit $ 39,000 14,000 24,000 25,000 153,000 Item Cash Accounts Receivable Inventory Land Buildings & Equipment Investment in Saver Company Cost of Goods Sold Wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock Retained Earnings Sales Income from Saver Company Price Corporation Debit Credit $ 64,500 95,000 107,000 66,000 365,000 126,500 140,000 34,000 24,000 11,000 22,000 34,000 $ 151,000 37,000 11,000 147,000 198,000 200,800 294,000 50,200 $1,089,000 $1,089,000 104,000 19,000 9,000 3,000 15,000 36,200 $ 35,000 12,000 6,000 92,200 53,000 41,000 202,000 $441,200 $441,200