On February 1, 2X09, Bodner, Inc. acquired a 100% interest in Bolenski Company by paying $34 million for 100% of the outstanding stock of Bolenski Company. The book value of the net assets amounted to $25 million, but an independent appraiser valued the printing press at $1.5 million over its book value. The book value and fair value of the remaining assets and liabilities were equal.

Required:

1. On February 1, 2X09, prepare the eliminating entry by Bodner, Inc. after the acquisition.

PLEASE DO IN TABLE FORMAT !