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	$ 98,000	$ 40,000
Inventory	150,000	100,000
Buildings and Equipment (net)	310,000	280,000
Investment in Saloon Company	242,000
Total Assets	$ 800,000	$ 420,000
Liabilities and Equity
Accounts Payable	$ 70,000	$ 20,000
Common Stock	200,000	150,000
Retained Earnings	530,000	250,000
Total Liabilities and Equity	$ 800,000	$ 420,000

Pint acquired the shares of Saloon Company on January 1, 20X7. On December 31, 20X8, assume Pint sold inventory to Saloon during 20X8 for $100,000 and Saloon sold inventory to Pint for $300,000. Pints balance sheet contains inventory items purchased from Saloon for $95,000. The items cost Saloon $55,000 to produce. In addition, Saloons inventory contains goods it purchased from Pint for $25,000 that Pint had produced for $15,000. Assume Saloon reported net income of $70,000 and dividends of $14,000.

Required:

1. 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.