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	$ 112,000	$ 44,000
Inventory	169,000	114,000
Buildings and Equipment (net)	322,000	281,000
Investment in Saloon Company	233,900
Total Assets	$ 836,900	$ 439,000
Liabilities and Equity
Accounts Payable	$ 115,900	$ 50,000
Common Stock	194,000	150,000
Retained Earnings	527,000	239,000
Total Liabilities and Equity	$ 836,900	$ 439,000

Pint acquired the shares of Saloon Company on January 1, 20X7. On December 31, 20X8, assume Pint sold inventory to Saloon during 20X8 for $106,000 and Saloon sold inventory to Pint for $301,000. Pints balance sheet contains inventory items purchased from Saloon for $103,000. The items cost Saloon $63,000 to produce. In addition, Saloons inventory contains goods it purchased from Pint for $26,000 that Pint had produced for $15,600. Assume Saloon reported net income of $71,000 and dividends of $14,200.

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.

Please show a clear calculation and work solving for Income from Saloon Company and NCI in Net Income for Saloon Company. Thank you!