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	$ 100,000	$ 41,000
Inventory	153,000	105,000
Buildings and Equipment (net)	317,000	288,000
Investment in Saloon Company	228,700
Total Assets	$ 798,700	$ 434,000
Liabilities and Equity
Accounts Payable	$ 82,700	$ 49,000
Common Stock	188,000	137,000
Retained Earnings	528,000	248,000
Total Liabilities and Equity	$ 798,700	$ 434,000

Pint acquired the shares of Saloon Company on January 1, 20X7. On December 31, 20X8, assume Pint sold inventory to Saloon during 20X8 for $110,000 and Saloon sold inventory to Pint for $301,000. Pints balance sheet contains inventory items purchased from Saloon for $100,000. The items cost Saloon $60,000 to produce. In addition, Saloons inventory contains goods it purchased from Pint for $32,000 that Pint had produced for $19,200. Assume Saloon reported net income of $74,000 and dividends of $14,800.

Required:

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

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.

Consolidation Worksheet Entries Note: Enter debits before credits. Consolidation Worksheet Entries Record the entry to defer this year's unrealized profit on inventory transfers. Note: Enter debits before credits