On June 10, 20X8, Private Corporation acquired 70 percent of Secret Companys common stock. The fair value of the noncontrolling interest was $18,600 on that date. Summarized balance sheet data for the two companies immediately after the stock purchase are as follows:

	Private Corp.					Secret Company
Item	Book Value					Book Value				Fair Value
Cash		$	26,800				$	10,000			$	10,000
Accounts Receivable			43,000					15,000				15,000
Inventory			85,000					25,000				30,000
Buildings & Equipment (net)			121,000					53,000				73,000
Investment in Secret Company			43,400
Total		$	319,200				$	103,000			$	128,000
Accounts Payable		$	22,000				$	2,000				2,000
Bonds Payable			179,200					64,000				64,000
Common Stock			49,000					10,000
Retained Earnings			69,000					27,000
Total		$	319,200				$	103,000			$	66,000

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.)