Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $158,000. At that date, the fair value of Savers buildings and equipment was $32,000 more than the book value. 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 $5,500. Trial balance data for Price and Saver on December 31, 20X8, are as follows:

		Price Corporation								Saver Company
Item	Debit				Credit				Debit					Credit
Cash		$	22,500							$	27,000
Accounts Receivable			76,000								15,000
Inventory			96,000								31,000
Land			36,000								21,000
Buildings & Equipment			335,000								156,000
Investment in Saver Company			148,300
Cost of Goods Sold			131,000								95,000
Wage Expense			66,000								30,000
Depreciation Expense			28,000								13,000
Interest Expense			15,000								7,000
Other Expenses			25,500								20,000
Dividends Declared			36,000								19,000
Accumulated Depreciation						$	148,000							$	70,000
Accounts Payable							75,000								22,000
Wages Payable							23,000								12,000
Notes Payable							156,000								32,000
Common Stock							206,000								60,000
Retained Earnings							108,000								40,000
Sales							290,000								198,000
Income from Saver Company							9,300
		$	1,015,300			$	1,015,300			$	434,000			$	434,000

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.)

b. Prepare a three-part consolidation worksheet for 20X8. (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.)