The December $31,20$X$8,$ balance sheets for Pint Corporation and its $70$ percent$-$owned subsidiary Saloon Company contained the following summarized amounts:The December $31,208,$ balance sheets for PInt Corporation and Its $70$ percent$-$owned subsidiary Saloon Company contalned the

following summarlzed amounts:

PInt acquired the shares of Saloon Company on January $1,20$X$7.$ On December $31,20$X$8,$ assume PInt sold Inventory to Saloon during

$208$ for $$105,000$ and Saloon sold Inventory to PInt for $$309,000.$ PInt's balance sheet contalns inventory Items purchased from

Saloon for $$100,000.$ The Items cost Saloon $$60,000$ to produce. In addition, Saloon's Inventory contalns goods It purchased from Pint

for $$27,000$ that Pint had produced for $$16,200.$ Assume Saloon reported net Income of $$72,000$ and dividends of $$14,400.$

Requlred:

a$.$ Prepare all consolidation entrles needed to complete a consolidated balance sheet worksheet as of December $31,208.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal entry required" In the first account fleld. Do not round

Intermedlate calculations.

Consolidation

Worksheet Entries

Record the basic consolidation entry.

Note: Enter debits before credits.

PINT CORPORATION AND SALOON COMPANY

Balance Sheets

December $31,20$X$8$

Pint Corporation Saloon Company

Assets

Cash and Receivables $ $118,000$ $ $48,000$

Inventory $167,000107,000$

Buildings and Equipment $($net$)327,000291,000$

Investment in Saloon Company $234,900$

Total Assets $ $846,900$ $ $446,000$

Liabilities and Equity

Accounts Payable $ $142,900$ $ $55,000$

Common Stock $182,000146,000$

Retained Earnings $522,000245,000$

Total Liabilities and Equity $ $846,900$ $ $446,000$

Pint acquired the shares of Saloon Company on January $1,20$X$7.$ On December $31,20$X$8,$ assume Pint sold inventory to Saloon during $20$X$8$ for $$105,000$ and Saloon sold inventory to Pint for $$309,000.$ Pint$$s balance sheet contains inventory items purchased from Saloon for $$100,000.$ The items cost Saloon $$60,000$ to produce. In addition, Saloon$$s inventory contains goods it purchased from Pint for $$27,000$ that Pint had produced for $$16,200.$ Assume Saloon reported net income of $$72,000$ and dividends of $$14,400.$

Required:

A$.$ Prepare all consolidation entries needed to complete a consolidated balance sheet worksheet as of December $31,20$X$8.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations.

B$.$Prepare a consolidated balance sheet worksheet as of December $31,20$X$8.$

Please help me with Parts A&B$.$ Thank you.