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	$ 16,000	$ 6,000	$ 6,000
Accounts Receivable	32,000	12,000	12,000
Inventory	99,000	39,000	44,000
Buildings and Equipment (net)	138,000	69,000	89,000
Investment in Series Company	155,000
Total	$ 440,000	$ 126,000	$ 151,000
Accounts Payable	$ 11,000	$ 2,000	$ 2,000
Bonds Payable	148,000	18,000	$ 18,000
Common Stock	46,000	18,000
Retained Earnings	235,000	88,000
Total	$ 440,000	$ 126,000	$ 20,000

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.