The December $31,208,$ balance sheets for Pint Corporation and its $70$ percent$-$owned subsidiary Saloon Company contained the following summarized amounts:

Pint acquired the shares of Saloon Company on January $1,20$X$8.$ On December $31,20$X$8,$ assume Pint sold inventory to Saloon during $208$ for $$104,000$ and Saloon sold inventory to Pint for $$315,000.$ Pint's balance sheet contains inventory items purchased from Saloon for $$100,000.$ The items cost Saloon $$60,000$ to produce. In addition, Saloon's inventory contains goods it purchased from Pint for $$35,000$ that Pint had produced for $$21,000.$ Assume Saloon reported net income of $$74,000$ and dividends of $$14,800.$

Required:

a$.$ Prepare all consolidation entries needed to complete a consolidated balance sheet worksheet as of December $31,20$X$8.$ 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

b$.$ Prepare a consolidated balanace sheet worksheet as of December $31,20$x$8$