On June 10, 20X8, Private Corporation acquired 70 percent of Secret Company's common stock. The fair value of the noncontrolling interest was $24,600 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 $ 33,800 $ 10,000 $ 10,000 Accounts Receivable 32,000 15,000 15,000 Inventory 84,000 25,000 30,000 Buildings and Equipment (net) 132,000 58,000 78,000 Investment in Secret Company 57,400 Total $ 339,200 $ 108,000 $ 133,000 Accounts Payable $ 20,000 $ 3,000 $ 3,000 Bonds Payable 209,200 48,000 48,000 Common Stock 45,000 20,000 Retained Earnings 65,000 37,000 Total $ 339,200 $ 108,000 $ 51,000 Required: a. Record the consolidation entries required to prepare a consolidated balance sheet immediately after the purchase of Secret Company shares