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 Corporation	Series Company
Item		Book Value	Fair Value
Cash	$ 15,000	$ 5,000	$ 5,000
Accounts Receivable	30,000	10,000	10,000
Inventory	80,000	20,000	25,000
Buildings and Equipment (net)	120,000	50,000	70,000
Investment in Series Company	100,000
Total	$ 345,000	$ 85,000	$ 110,000
Accounts Payable	$ 25,000	$ 3,000	$ 3,000
Bonds Payable	150,000	25,000	25,000
Common Stock	55,000	20,000
Retained Earnings	115,000	37,000
Total	$ 345,000	$ 85,000	$ 28,000

Required:

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