On June 10, 20X8, Private Corporation acquired 60 percent of Secret Company's common stock. The fair value of the noncontrolling interest was $25,600 on that date. Summarized balance sheet data for the two companies immediately after the stock purchase are as follows Private Cor Book Value $ 37,800 45,000 96,000 121,000 38,400 $ 338,200 Secret Compan Book Value $ 14,000 19,000 29,000 50,000 Fair Value $ 14,0e0 19,000 34,000 70,000 Item Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Secret Company Total Accounts Payable Bonds Payable Common Stock Retained Earnings Total $112,000 $ 137,000 $ 15,000 205,200 49,000 69,000 $ 338,200 $ 3,000 70,000 11,000 28,000 $ 112,000 3,000 70,000 $ 73,000 Required a. Record the consolidation entries required to prepare a consolidated balance sheet immediately after the purchase of Secret Company shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries Record the basic consolidation entry