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: Playoff Corp. Series Company Book Value Fair Value $ 20,000 $ 20,000 11,000 11,000 21,000 26,000 63,000 83,000 Item Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Series Stock Total Accounts Payable Bonds Payable Common Stock Retained Earnings Total $ 30,000 31,000 85,000 121,000 141,000 $408,000 $ 19,000 130,000 45,000 214,000 $408,000 $115,000 $ 3,000 19,000 19,000 74,000 $115,000 $140,000 $ 3,000 19,000 $ 22,000 Required: a. Prepare the consolidating entries required to prepare a consolidated balance sheet immediately after the acquisition of Series Company shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Entry Accounts Debit Credit A 1 Common stock Retained earnings Investment in Series Company OOO 19,000 74,000 93,000 B 2 5,000 20,000 Inventory Buildings and equipment Goodwill Investment in Series Company 22.000 x 47,000