Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Company reported assets and liabilities with book values of $420,000 and $173,000, respectively, common stock outstanding of $96,000, and retained earnings of $151,000. The book values and fair values of Scrubs assets and liabilities were identical except for land, which had increased in value by $18,000, and inventories, which had decreased by $9,000.

b. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $243,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Also, I do not have an account option called "capital reserve." I have a choice of "revaluation capital" if that helps.