Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $153,000. At that date, the fair value of Savers buildings and equipment was $30,000 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 $5,000. Trial balance data for Price and Saver on December 31, 20X8, are as follows:

		Price Corporation								Saver Company
Item	Debit				Credit				Debit					Credit
Cash		$	22,000							$	26,000
Accounts Receivable			75,000								14,500
Inventory			95,000								30,000
Land			35,000								20,000
Buildings & Equipment			340,000								155,000
Investment in Saver Company			142,500
Cost of Goods Sold			130,000								100,000
Wage Expense			59,500								29,500
Depreciation Expense			27,500								12,500
Interest Expense			14,500								6,500
Other Expenses			23,500								17,500
Dividends Declared			35,000								18,500
Accumulated Depreciation						$	147,500							$	65,000
Accounts Payable							70,000								21,000
Wages Payable							22,000								11,500
Notes Payable							155,000								37,500
Common Stock							205,000								60,000
Retained Earnings							107,000								40,000
Sales							285,000								195,000
Income from Saver Company							8,000
		$	999,500			$	999,500			$	430,000			$	430,000

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.)