On June 10, 20X8, Private Corporation acquired 70 percent of Secret Company's common stock. The fair value of the noncontrolling interest was $19,200 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 $ 14,000 $ 14,000 19,000 19,000 29,000 34,000 68,000 88,000 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 $ 39,800 37,000 85,000 136,000 44,800 $ 342,600 $ 24,000 224,600 37,000 57,000 $ 342,600 $ 130,000 $ 3,000 88,000 11,000 28,000 $ 130,000 $ 155,000 3,000 88,000 $ 91,000 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.) X Answer is not complete. Debit Credit No A Entry 1 Accounts 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