Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31, 20X4, for $413,000. At the date of combination, Square reported the following:

Assets		Liabilities
Cash	$ 121,000	Current Liabilities	$ 75,000
Inventory	104,000	Long-Term Liabilities	226,000
Buildings (net)	422,000	Common Stock	115,000
		Retained Earnings	231,000
Total	$ 647,000	Total	$ 647,000

At December 31, 20X4, the book values of Square's net assets and liabilities approximated their fair values, except for buildings, which had a fair value of $11,000 less than book value, and inventories, which had a fair value $34,000 more than book value.

Required:

Plaza Corporation wishes to prepare a consolidated balance sheet immediately following the business combination. Prepare the consolidation entry or entries needed to prepare a consolidated balance sheet at December 31, 20X4.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.