The December 31, 20X8, 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, 20X8
	Pint Corporation	Saloon Company
Assets
Cash and Receivables	$ 106,000	$ 44,000
Inventory	170,000	114,000
Buildings and Equipment (net)	319,000	299,000
Investment in Saloon Company	224,000
Total Assets	$ 819,000	$ 457,000
Liabilities and Equity
Accounts Payable	$ 102,000	$ 77,000
Common Stock	196,000	137,000
Retained Earnings	521,000	243,000
Total Liabilities and Equity	$ 819,000	$ 457,000

Pint acquired the shares of Saloon Company on January 1, 20X7. On December 31, 20X8, assume Pint sold inventory to Saloon during 20X8 for $116,000 and Saloon sold inventory to Pint for $302,000. Pints balance sheet contains inventory items purchased from Saloon for $96,000. The items cost Saloon $56,000 to produce. In addition, Saloons inventory contains goods it purchased from Pint for $35,000 that Pint had produced for $21,000. Assume Saloon reported net income of $78,000 and dividends of $15,600.

Required:

1. Prepare all consolidation entries needed to complete a consolidated balance sheet worksheet as of December 31, 20X8.
2. Prepare a consolidated balance sheet worksheet as of December 31, 20X8.