Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $208,000. At that date, the fair value of Saver's buildings and equipment was $52,000 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 $10,500. Item Trial balance data for Price and Saver on December 31, 20X8, are as follows: Price Corporation Saver Company Debit Credit Debit Credit Cash $ 27,500 $ 37,000 Accounts Receivable 86,000 20,000 Inventory 106,000 41,000 Land 46,000 31,000 Buildings & Equipment 300,000 176,000 Investment in Saver Company 201,300 Cost of Goods Sold 141,000 126,000 Wage Expense 116,000 35,000 Depreciation Expense 33,000 18,000 Interest Expense 20,000 12,000 Other Expenses 40,500 45,000 Dividends Declared 46,000 24,000 Accumulated Depreciation $ 153,000 $120,000 Accounts Payable 120,000 22,000 Wages Payable 33,000 17,000 Notes Payable 166,000 2,000 Common Stock 216,000 60,000 Retained Earnings 118,000 40,000 Sales 340,000 304,000 Income from Saver Company 17,300 ,300 $1,163,300 $565,000 $565,000 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.) Required: a. Prepare the following consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Credit Event 1 Accounts Common stock Retained earnings Income from Saver Company Dividends declared Investment in Saver Company Debit 60,000 40,000 68,000 24,000 144,000 B 2 1,800 Depreciation expense Goodwill impairment loss Income from Saver Company U 3 Buildings and equipment Goodwill Accumulated depreciation Investment in Saver Company D 4 12,000 Accumulated depreciation Buildings and equipment 12,000 X