The December 31, 20X8, balance sheets for Pint Corporation andits 70 percent-owned subsidiary Saloon Company contained thefollowing summarized amounts:

PINT CORPORATION AND SALOON COMPANY
Balance Sheets December 31, 20X8
	Pint Corporation					Saloon Company
Assets
Cash & Receivables		$	110,000				$	50,000
Inventory			151,000					114,000
Buildings & Equipment (net)			322,000					300,000
Investment in Saloon Company			232,500
Total Assets		$	815,500				$	464,000
Liabilities & Equity
Accounts Payable		$	103,500				$	73,000
Common Stock			190,000					141,000
Retained Earnings			522,000					250,000
Total Liabilities & Equity		$	815,500				$	464,000

Pint acquired the shares of Saloon Company on January 1, 20X7. OnDecember 31, 20X8, assume Pint sold inventory to Saloon during 20X8for $111,000 and Saloon sold inventory to Pint for $303,000. Pint’sbalance sheet contains inventory items purchased from Saloon for$99,000. The items cost Saloon $59,000 to produce. In addition,Saloon’s inventory contains goods it purchased from Pint for$33,000 that Pint had produced for $19,800. Assume Saloon reportednet income of $73,000 and dividends of $14,600.

Required:
a. Prepare all consolidation entries needed to complete aconsolidated 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 notround intermediate calculations.)

b. Prepare a consolidated balance sheet worksheet as of December31, 20X8. (Do not round intermediate calculations. Valuesin the first two columns (the "parent" and "subsidiary" balances)that are to be deducted should be indicated with a minus sign,while all values in the "Consolidation Entries" columns should beentered as positive values. For accounts where multiple adjustingentries are required, combine all debit entries into one amount andenter this amount in the debit column of the worksheet. Similarly,combine all credit entries into one amount and enter this amount inthe credit column of the worksheet.)