On June 10, 2018, Playoff Corporation acquired 100 percent of Series Company's common stock. Summarized balance sheet data for the two companies immediately after the stock acquisition are as follows: Playoff Corp. Series Company Item Book Value Fair Value Cash $ 15,000 $ 5,000 $ 5,000 Accounts Receivable 37,000 17,000 17,000 Inventory 91,000 25,000 30,000 Buildings & Equipment (net) 139,000 52,000 72,000 Investment in Series Stock 120,000 Total $ 402,000 $ 99,000 $ 124,000 Accounts Payable $ 24,000 $ 3,000 $ 3,000 Bonds Payable 146,000 21,000 21,000 Common Stock 37,000 18,000 Retained Earnings 195,000 57,000 Total $ 402,000 $ 99,000 $ 24,000

Required: a. Prepare the consolidating entries required to prepare a consolidated balance sheet immediately after the acquisition of Series Company shares