Paco Company acquired 100 percent of the stock of Salad Corp. on December 31, 20X8. The stockholders' equity section of Salad's balance sheet at that date is as follows:

Common Stock	$	300,000
Additional Paid-In Capital		500,000
Retained Earnings		400,000
Total	$	1,200,000

Paco financed the acquisition by using $880,000 cash and giving a note payable for $400,000. Book value approximated fair value for all of Salad's assets and liabilities except for buildings which had a fair value $60,000 more than its book value and remaining useful life of 10 years. Any remaining differential was related to goodwill. Paco has an account payable to Salad in the amount of $30,000.

Required:

1) Present all consolidating entries needed to prepare a consolidated balance sheet immediately following the acquisition.
2) What additional consolidating entry must be prepared at December 31, 20X9?