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 $ 13,089 $ 13,000 18,680 18,eee 28,00e 33, eee 69,000 89, eee 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 $ 43,800 48,298 83,299 139,000 50,400 $ 364,200 $ 20,899 224, 200 50,000 70,000 $364,200 $ 128,000 $ 3,eee 78,000 15,eee 32,000 $ 128,000 $ 153,eee 3, eee 78, eee $ 81, eae 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 fleld.) view transaction list transaction list No Entry Accounts Debit Credit A 1 Common stock Retained earnings Investment in Secret Company NCI in NA of Secret Company B 2 Inventory Buildings and equipment Investment in Secret Company NCI in NA of Secret Company