Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $128,000. At that date, the fair value of Saver's buildings and equipment was $20,000 more than the book value. Accumulated depreciation on this date was $30,000. 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 $2,500. No additional impairment occurred in 20X9. Trial balance data for Price and Saver on December 31, 20X9, are as follows:

	Price Corporation							Saver Company
Item	Debit			Credit				Debit			Credit
Cash	$	45,500						$	32,000
Accounts Receivable		85,000							14,000
Inventory		97,000							24,000
Land		50,000							25,000
Buildings & Equipment		350,000							150,000
Investment in Saver Company		142,500
Cost of Goods Sold		145,000							114,000
Wage Expense		35,000							20,000
Depreciation Expense		25,000							10,000
Interest Expense		12,000							4,000
Other Expenses		23,000							16,000
Dividends Declared		30,000							20,000
Accumulated Depreciation				$	170,000						$	50,000
Accounts Payable					51,000							15,000
Wages Payable					14,000							6,000
Notes Payable					150,000							50,000
Common Stock					200,000							60,000
Retained Earnings					131,000							48,000
Sales					290,000							200,000
Income from Saver Company					34,000
	$	1,040,000		$	1,040,000			$	429,000		$	429,000

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.)

c-1. Prepare a consolidated balance sheet for 20X9. (Amounts to be deducted should be indicated with a minus sign.)

c-2. Prepare a consolidated income statement for 20X9.

c-3. Prepare a retained earnings statement for 20X9.