On June 10, 20X8, Private Corporation acquired 70 percent of Secret Company's common stock. The fair value of the noncontrolling interest was $21,600 on that date. Summarized balance sheet data for the two companies immediately after the stock purchase are as follows: Secret Company Book Value Fair Value $ 6,000 $ 6,000 11,000 11,000 21,000 26,000 53,000 73,000 Item Cash Accounts Receivable Inventory Buildings & Equipment (net) Investment in Secret Company Total Accounts Payable Bonds Payable Common Stock Retained Earnings Total Private Corp. Book Value $ 30,800 40,000 96,000 128,000 50,400 $ 345,200 $ 21,000 214,200 45,000 65,000 $ 345,200 $ 91,000 $ 3,000 41,000 15,000 32,000 $ 91,000 $ 116,000 3,000 41,000 $ 44,000 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