The summarized balance sheet of Separate Company on January 1, 20X3, contained the following amounts:

Total Assets	$ 370,000	Total Liabilities	$ 45,000
		Preferred Stock	105,000
		Common Stock	50,000
		Retained Earnings	170,000
Total Assets	$ 370,000	Total Liabilities and Equities	$ 370,000

On January 1, 20X3, Point Corporation acquired 80 percent of the common shares and 70 percent of the preferred shares of Separate Company at underlying book value. At that date, the fair value of the noncontrolling interest in Separates common stock was equal to 20 percent of the book value of its common stock.

Required:

Prepare the worksheet consolidation entries needed to prepare a consolidated balance sheet immediately following Points purchase of shares.