On June 10, 20X8, Game Corporation acquired 60 percent of Amber Companys common stock. The fair value of the noncontrolling interest was $32,000 on that date. Summarized balance sheet data for the two companies immediately after the stock purchase are as follows:

Record the consolidation entry and the excess value (differential) reclassification entry required to prepare a consolidated balance sheet immediately after the purchase of Amber Company shares.