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	Playoff Corporation	Series Company
		Book Value	Fair Value
Cash	$ 25,000	$ 15,000	$ 15,000
Accounts Receivable	36,000	16,000	16,000
Inventory	98,000	35,000	40,000
Buildings and Equipment (net)	139,000	53,000	73,000
Investment in Series Company	142,000
Total	$ 440,000	$ 119,000	$ 144,000
Accounts Payable	$ 22,000	$ 5,000	$ 5,000
Bonds Payable	134,000	16,000	$ 16,000
Common Stock	54,000	16,000
Retained Earnings	230,000	82,000
Total	$ 440,000	$ 119,000	$ 21,000

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.