Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31,204, for $411,000. A date of combination, Square reported the following: At December 31,204, the book values of Square's net assets and liabilities approximated their fair values, except for building had a fair value of $16,000 less than book value, and inventories, which had a fair value $29,000 more than book value. Required: Plaza Corporation wishes to prepare a consolidated balance sheet immediately following the business combination. Prepare th consolidation entry or entries needed to prepare a consolidated balance sheet at December 31, 204. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. A Record the basic consolidation entry. B Record the excess value (differential) reclassification entry. Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31,204, for $411,000. A date of combination, Square reported the following: At December 31,204, the book values of Square's net assets and liabilities approximated their fair values, except for building had a fair value of $16,000 less than book value, and inventories, which had a fair value $29,000 more than book value. Required: Plaza Corporation wishes to prepare a consolidated balance sheet immediately following the business combination. Prepare th consolidation entry or entries needed to prepare a consolidated balance sheet at December 31, 204. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. A Record the basic consolidation entry. B Record the excess value (differential) reclassification entry