The December 31 20x8, balance sheets for Pint Corporation and its 80 percent-owned subsidiary Saloon Company contained the following summarized amounts PINT CORPORATION AND SALOON COMPANY Balance Sheets December 31, 20x8 Pint Saloon Corporation Company Assets Cash & Receivables $116,000 $ 57,000 Inventory 166,000 107,000 Buildings & Equipment (net) 329,000 295,000 Investment in Saloon Company 257,600 Total Assets $868,600 $459,000 Liabilities & Equity Accounts Payable $167,600 $ 82,000 Common Stock 186,000 140,000 Retained Earnings 515,300 237,000 Total Liabilities & Equity $868,600 $459.000 Pint acquired the shares of Saloon Company on January 1, 20x7 On December 31, 20x8, assume Pint sold Inventory to Saloon during 20x8 for $107.000 and Saloon sold inventory to Pint for $318,000. Pint's balance sheet contains inventory items purchased from Saloon for $98.000. The items cost Saloon 558,000 to produce. In addition, Saloon's inventory contains goods it purchased from Pint for $30.000 that Pint had produced for $18,000. Assume Saloon reported net income of $80,000 and dividends of $16,000 Required: a. Prepare all consolidation entries needed to complete a consolidated balance sheet worksheet as of December 31, 20X8. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Consolidation Worksheet Entries