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		$	33,000				$	23,000				$	23,000
Accounts Receivable			31,000					11,000					11,000
Inventory			83,000					36,000					41,000
Buildings & Equipment (net)			125,000					60,000					80,000
Investment in Series Stock			161,000
Total		$	433,000				$	130,000				$	155,000
Accounts Payable		$	11,000				$	4,000				$	4,000
Bonds Payable			133,000					17,000					17,000
Common Stock			52,000					13,000
Retained Earnings			237,000					96,000
Total		$	433,000				$	130,000				$	21,000

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