On June 10, 20X8, Tower Corporation acquired 100 percent of Brown Company's common stock. Summarized balance sheet data for the two companies immediately after the stock acquisition are as follows:

	Tower Corp.				Brown Company
Item					Book Value				Fair Value
Cash		$	21,000			$	11,000			$	11,000
Accounts Receivable			42,000				22,000				22,000
Inventory			100,000				38,000				43,000
Buildings & Equipment (net)			125,000				66,000				86,000
Investment in Brown Stock			172,000
Total		$	460,000			$	137,000			$	162,000
Accounts Payable		$	12,000			$	4,000			$	4,000
Bonds Payable			131,000				11,000				11,000
Common Stock			50,000				13,000
Retained Earnings			267,000				109,000
Total		$	460,000			$	137,000			$	15,000

Required:
a.	Prepare the consolidating entries required to prepare a consolidated balance sheet immediately after the acquisition of Brown Company shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a-1 Record the basic consolidation entry. a-2 Record the excess value(differential) reclassification entry