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Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31, 20X4, for $404,000. At the date of combination, Square reported the following Liabilities Assets Cash Inventory Buildings (net) $127,000 Current Liabilities $66,000 265,000 105,000 228,000 $664,000 107,000 Long-Term Liabilities 430,000 Common Stock Retained Earnings Total $664,000 Total At December 31, 20X4, the book values of Square's net assets and liabilities approximated their fair values, except for buildings, which had a fair value of $15,000 less than book value, and inventories, which had a fair value $34,000 more than book value Required: Plaza Corporation wishes to prepare a consolidated balance sheet immediately following the business combination. Prepare the consolidating entry or entries needed to prepare a consolidated balance sheet at December 31, 20X4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries Record the basic consolidation entry