Plaza Corporation acquired 100 percent of Square Corporation's voting common stock on December 31, 20X4, for $405,000. At the date of combination, Square reported the following: Assets Cash Inventory Buildings (net) Liabilities $ 130,000 Current Liabilities 102,000 Long-Term Liabilities 431,000 Common Stock Retained Earnings $663,000 Total $ 74,000 241,000 115,000 233,000 $ 663,000 Total 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 $28,000 more than book value. Required: Plaza Corporation wishes to prepare a consolidated balance sheet immediately following the business combination. Prepare the consolidating entry or entries needed to prepare a consolidated balance sheet at December 31, 20X4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Consolidation Worksheet Entries A B > Record the basic consolidation entry. Note: Enter debits before credits. Entry Accounts Debit Credit 1 Record entry Clear entry view consolidation entries Consolidation Worksheet Entries