What is the basic consolidation entry and the optional accumulated depreciation entry?

Blank Corporation acquired 100 percent of Faith Corporation's common stock on December 31, 20X2, for $229,000. Data from balance sheets of the two companies included the following amounts as of the date of acquisition: Blank Corporation $ 61,000 83,000 109,000 222,000 229,000 $ 704,000 Faith Corporation $ 33,000 57,000 65,000 168,000 Item Assets Cash Accounts Receivable Inventory Buildings and Equipment (net) Investment in Faith Corporation Stock Total Assets Liabilities and Stockholders' Equity Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $323,000 $ 75,000 139,000 87,000 403,000 $ 704,000 $ 25,000 69,000 57,000 172,000 $323,000 At the date of the business combination, the book values of Faith's net assets and liabilities approximated fair value. Assume Faith Corporation's accumulated depreciation on buildings and equipment on the acquisition date was $20,000. Required: a. Give the consolidation anin