The December $31,20$X$8,$ 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 $31,20$X$8$

Pint Corporation Saloon Company

Assets

Cash and Receivables $ $101,000$ $ $52,000$

Inventory $152,000120,000$

Buildings and Equipment $($net$)328,000287,000$

Investment in Saloon Company $255,200$

Total Assets $ $836,200$ $ $459,000$

Liabilities and Equity

Accounts Payable $ $132,200$ $ $85,000$

Common Stock $184,000136,000$

Retained Earnings $520,000238,000$

Total Liabilities and Equity $ $836,200$ $ $459,000$

Pint acquired the shares of Saloon Company on January $1,20$X$7.$ On December $31,20$X$8,$ assume Pint sold inventory to Saloon during $20$X$8$ for $$114,000$ and Saloon sold inventory to Pint for $$320,000.$ Pint$$s balance sheet contains inventory items purchased from Saloon for $$102,000.$ The items cost Saloon $$62,000$ to produce. In addition, Saloon$$s inventory contains goods it purchased from Pint for $$30,000$ that Pint had produced for $$18,000.$ Assume Saloon reported net income of $$74,000$ and dividends of $$14,800.$

Required:

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