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
Item						Book Value					Fair Value
Cash		$	31,000				$	21,000				$	21,000
Accounts Receivable			48,000					28,000					28,000
Inventory			99,000					38,000					43,000
Buildings & Equipment (net)			123,000					53,000					73,000
Investment in Series Stock			175,000
Total		$	476,000				$	140,000				$	165,000
Accounts Payable		$	17,000				$	3,000				$	3,000
Bonds Payable			136,000					12,000					12,000
Common Stock			43,000					13,000
Retained Earnings			280,000					112,000
Total		$	476,000				$	140,000				$	15,000

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.)