Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $203,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable Blank Corporation Faith Corporation $ 61,000 82,000 $ 35,000 43,000 62,000 163,000 119,000 217,000 203,000 $682,000 $ 75,000 143,000 $303,000 $ 22,000 78,000 Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 82,000 43,000 382,000 $682,000 160,000 $303,000 At the date of the business combination, the book values of Faith's net assets and liabilities approximated fair value. Assume Faith Corporation's accumulated depreciation on buildings and equipment on the acquisition date was $21,000. Required: a. Give the consolidation entry or entries needed to prepare a consolidated balance sheet immediately following the business combination. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)