Price Corporation acquired 100 percent ownership of Saver Company on January 1, 20X8, for $128,000. At that date, the fair value of Saver's buildings and equipment was $20,000 more than the book value. Accumulated depreciation on this date was $30,000. 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 $2,500. No additional impairment occurred in 20X9. Trial balance data for Price and Saver on December 31, 20X9, are as follows:

a. Prepare all consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9.

b. Prepare a three-part consolidation worksheet for 20X9

c-1. Prepare a consolidated balance sheet for 20X9

c-2. Prepare a consolidated income statement for 20X9.

c-3. Prepare a retained earnings statement for 20X9.

Price Corporation Debit Saver Company Debit Item Cash Accounts Receivable Inventory Land Buildings & Equipment Investment in Saver Company Cost of Goods Sold wage Expense Depreciation Expense Interest Expense Other Expenses Dividends Declared Accumulated Depreciation Accounts Payable Wages Payable Notes Payable Common Stock Retained Earnings Sales Income from Saver Company Credit Credit $ 32,000 $ 45,500 85,000 97,000 50,000 350,000 142,500 145,000 35,000 25,000 12,000 23,000 30,000 14,000 24,000 25,000 150,000 114,000 20,000 10,000 4,000 16,000 20,000 $ 170,000 51,000 14,000 150,000 200,000 131,000 290,000 34,000 $ 50,000 15,000 6,000 50,000 60,000 48,000 200,000 $1,040,000 $1,040,000 429,000 $429,000