On June 10, 20X8, Private Corporation acquired 70 percent of Secret Companys common stock. The fair value of the noncontrolling interest was $20,400 on that date. Summarized balance sheet data for the two companies immediately after the stock purchase are as follows:

Item	Private Corporation	Secret Company
Book Value	Book Value	Fair Value
Cash	$ 40,800	$ 15,000	$ 15,000
Accounts Receivable	32,000	20,000	20,000
Inventory	96,000	30,000	35,000
Buildings and Equipment (net)	123,000	52,000	72,000
Investment in Secret Company	47,600
Total	$ 339,400	$ 117,000	$ 142,000
Accounts Payable	$ 18,000	$ 2,000	$ 2,000
Bonds Payable	217,400	72,000	72,000
Common Stock	42,000	13,000
Retained Earnings	62,000	30,000
Total	$ 339,400	$ 117,000	$ 74,000

Required:

a. Record the consolidation entries required to prepare a consolidated balance sheet immediately after the purchase of Secret Company shares.