Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $111,300. At that date, the fair value of Saver's buildings and equipment was $16,000 more than the book value. Accumulated depreciation on this date was $21,000. Buildings and equipment are depreciated on a 5-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 $3,000. 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	$	54,500							$	42,000
Accounts Receivable		86,000								20,000
Inventory		98,000								30,000
Land		54,000								31,000
Buildings & Equipment		364,000								159,000
Investment in Saver Company		125,800
Cost of Goods Sold		135,000								108,000
Wage Expense		31,000								16,000
Depreciation Expense		21,000								10,000
Interest Expense		8,000								3,000
Other Expenses		19,000								12,000
Dividends Declared		35,000								34,800
Accumulated Depreciation					$	159,000							$	41,000
Accounts Payable						51,000								12,000
Wages Payable						11,000								5,000
Notes Payable						145,000								110,800
Common Stock						197,000								54,000
Retained Earnings						121,500								42,000
Sales						298,000								201,000
Income from Saver Company						48,800
	$	1,031,300			$	1,031,300			$	465,800			$	465,800

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.)

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.

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.