Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $203,000. At that date, the fair value of Savers buildings and equipment was $50,000 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 $10,000.

Trial balance data for Price and Saver on December 31, 20X8, are as follows:

Item	Price Corporation	Saver Company
Debit	Credit	Debit	Credit
Cash	$ 27,000		$ 36,000
Accounts Receivable	85,000		19,500
Inventory	105,000		40,000
Land	45,000		30,000
Buildings and Equipment	299,000		175,500
Investment in Saver Company	199,500
Cost of Goods Sold	140,000		125,000
Wage Expense	115,500		34,500
Depreciation Expense	32,500		17,500
Interest Expense	19,500		11,500
Other Expenses	43,500		42,500
Dividends Declared	45,000		23,500
Accumulated Depreciation		$ 152,500		$ 115,000
Accounts Payable		120,000		23,000
Wages Payable		32,000		16,500
Notes Payable		165,000		2,000
Common Stock		215,000		60,000
Retained Earnings		117,000		40,000
Sales		335,000		299,000
Income from Saver Company		20,000
	$ 1,156,500	$ 1,156,500	$ 555,500	$ 555,500

Required:

1. Prepare all consolidation entries needed to prepare a three-part consolidation worksheet as of December 31, 20X8.
2. Prepare a three-part consolidation worksheet for 20X8 in good form..