On June 10, 20x8, 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: Item Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Series Company Total Accounts Payable Bonds Payable Common Stock Retained Earnings Total Playoff Corporation $ 24,000 41,000 100,000 124,000 154,000 87,000 Series Company Book Value Fair Value $ 14,000 $ 14,000 21,000 21,000 31,000 36,000 67,000 $133,000 $158,000 $ 15,000 137,000) 52,000 239,000 $3,000 22,000 19,000 89,000 $3,000 $ 22,000 $ 443,000 $ 133,000 $ 25,000 $ 443,000 Required: a. Prepare the consolidating entries required to prepare a consolidated balance sheet immediately after the acquisition of Series Company shares. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet A Record the basic consolidation entry. Note: Enter debits before credits. Entry Accounts Debit Credit