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

PINT CORPORATION AND SALOON COMPANY

Balance Sheets

December $31,20$X$8$

Pint Corporation Saloon Company

Assets

Cash and Receivables $ $114,000$ $ $55,000$

Inventory $154,000106,000$

Buildings and Equipment $($net$)322,000294,000$

Investment in Saloon Company $226,100$

Total Assets $ $816,100$ $ $455,000$

Liabilities and Equity

Accounts Payable $ $116,100$ $ $72,000$

Common Stock $183,000149,000$

Retained Earnings $517,000234,000$

Total Liabilities and Equity $ $816,100$ $ $455,000$

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 $$103,000$ and Saloon sold inventory to Pint for $$312,000.$ Pint$$s balance sheet contains inventory items purchased from Saloon for $$102,000.$ The items cost Saloon $$62,000$ to produce. In addition, Saloon$$s inventory contains goods it purchased from Pint for $$35,000$ that Pint had produced for $$21,000.$ Assume Saloon reported net income of $$75,000$ and dividends of $$15,000.$

Required:

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.

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

Note: Do not round intermediate calculations. 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.